Tech Companies

MySpace Inc.

The latest news about MySpace Inc.

Myspace Layoffs Imminent
News Corp.'s talks to sell Myspace have narrowed to two leading bidders, the ad-targeting firm Specific Media and private-equity firm Golden Gate Capital, according to a person familiar with the matter.

Overview
Culture
Recruiting
Facts & Resources
Subsidiaries & Divisions
Competitors

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Overview

MySpace Inc., a subsidiary of News Corp., operates the world's second-largest online social network, about roughly 100 million global users. The Beverly Hills, Calif.-based company offers blogging and instant messaging services and generates revenue from MySpace advertisers.

Amid fierce competition from rival Facebook Inc., MySpace has positioned itself as a social entertainment outlet for people to connect with friends and like-minded fans of TV, film, and music content.

The company was founded in 2003 by Tom Anderson and Chris DeWolfe. It operates as part of News Corp.'s Digital Media, the media giant's online unit.

In 2009, MySpace laid off about a third of its employees.

Culture

MySpace offers employees commuter perks including: preferential parking for carpoolers, rideshare matching services, guaranteed ride home for carpool and vanpoolers, monthly paid incentives for carpooling, biking, busing, walking, and taking the bus or train to work.

The company also offer monthly and quarterly raffles with gifts including car washes, bicycle services, and other prizes. It also recently celebrated the grand opening of MySpace's café, ”MyCafe, where food is subsidized at $10 a day per employee.

Recruiting

Myspace Inc. recruits candidates for a variety of positions including: IT, engineering, business development, new media, marketing and sales, and research. The company typically looks for candidates that have at least four years of relevant work experience.