Once-Mighty Myspace Acquired for Measly $35 Million

myspace acquired by specific mediaAfter months in search of a buyer, Myspace has finally been acquired. In an email to employees late Wednesday morning, CEO Mike Jones broke the news to employees in an email late Wednesday morning, according to TechCrunch.

Specific Media will acquire the fledgling social network turned social entertainment site for $35 million according to All Things D.

“Today, we are announcing that Myspace will be acquired by Specific Media, one of the world’s leading online media and advertising platforms,” Jones wrote in the email addressed to Myspacers. “Over the next few days you will be hearing from the team at Specific, including their CEO, Tim Vanderhook, regarding their exciting plans for Myspace and how it fits in with the overall vision of their company.”

Jones indicated in the email that a significant reduction in staff was imminent, adding that he would be stepping down as CEO of Myspace after assisting with the transition to Specific Media over the next two months.

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Google I/O 2011 Round-Up: Chromebooks and The Cloud

Google Engineering Director Chris Yerga introduces movie rentals on the Android Marketplace
Google Engineering Director Chris Yerga introduces movie rentals on the Android Marketplace

Google took us further into the digital media future with some compelling announcements at the fourth annual Google I/O developers conference in San Francisco this week. Recent Google I/O keynotes seem silly in retrospect — both Google Wave and Buzz were epic busts. But this year Google narrowed its focuses to it’s strengths, namely the Android mobile operating system and the Chrome browser and operating system. The gist was this: Use Google’s web-based tools and applications, combine with seemingly infinite storage space in the cloud, and bulky hard drives and desktop PC’s will become mere artifacts of our technological evolution. A Google account combined with a device running Android or Chrome OS will be all you need to do [almost] anything.

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Google I/O 2011: Music Beta App Announced and… Movies from the Cloud

Google officially announced its long-rumored streaming-from-the-cloud music app for Android and the web at Google i/o at Moscone Center in San Francisco. It’s currently free (it is in beta after all) — request an invite at music.google.com. No comment on whether or not Google has come any closer to offering streaming legally, as licensed by the labels and publishers. Another exciting announcement — you can now rent videos on Android Market at http://market.android.com/movies. You have 30 days to stream each rental via web or mobile tablet or phone ($1.99 – $3.99 per rental).

In other news from the opening keynote: To date there have been:
* 100M Android activations
* 400,000 daily activations on 215 carriers
* 200,000 available apps on Market

It took:
* 2 years to 1 billion app installs
* 5 more months to 2 billion
* now 4.5 billion app installs from Android Market

Honeycomb 3.1 coming soon to all devices
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Ice Cream Sandwich – new Android OS – 2.4 – coming soon

…and all 5,000 attendees at Google I/O are receiving the Samsung Galaxy Tab 10.1 tablet (a special-edition model, a month before it hits stores)!

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