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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Gone: Application Tabs on Your Facebook Profile

Facebook application profile tabs gone

Last.fm, iLike, Networked Blogs, Causes and any of the hundreds of third-party apps you may have incorporated into your Facebook Profile page are no longer there. As I wrote about last month, Facebook’s customizable profile experiment was short-lived even if its demise took over a year.

Before this weekend, if you added approved third-party applications to your Facebook profile, many would have the option of adding to your wall or as a profile tab. The default selection would be to your Boxes tab. Today, even the Boxes tab is missing the apps that you used / played with / were annoyed by over the past couple years. From NY times Quiz, to How big of a Cubs fan are you?, To Myflickr, finetune, and everything else under the sun: Gone. Granted, the Boxes tab on my profile used to run on and on and pretty certain that nobody ever checked it out (myself included). Now the Boxes tab shows nothing more than I’m allowed to display on my profile tabs: the Facebook proprietary applications “Video” “Photos” and tabs for “Links” I share, “Notes” I write or import from this blog via RSS, Events, and Questions. The Boxes column is much narrower and ads have returned.

It’s been fun taking advantage of Facebook’s more open experiments over the past couple years but now our Facebook profiles have returned to their original states as rather vanilla bulletin boards.

That said, if I do want to customize my online profile and incorporate apps and even add raw html… there’s always Myspace!

Privacy Concerns and Social Networks

myspace facebook privacyIt was refreshing to see MySpace break out of its relative silence this week with a note addressing user privacy settings on social networks. Good to see you again MySpace, though we sometimes forget you’re still around we’re no longer threatening to delete our long-nascent profiles en masse or anything like that.

MySpace served itself well by publishing the note MySpace Empowers Users With New, Simpler Privacy Setting in outlining the company’s ethos and it’s mission to enable both discovery and self-expression for users since its inception in 2003.

But MySpace’s memo falls short on definition and lacks any sort of road map (beyond “in the coming weeks…”) to give users the “we’re in this together” feeling that Facebook so often overlooks. And it’s more than 3 weeks after the Facebook open graph-api-privacy hubbub broke out. Facebook privacy concerns made headlines again on May 5 when a glitch that provided access to some users’ private information was uncovered (and allegedly patched within hours).

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TribLocal, MySpace News, Yahoo Fully Swallows Upcoming

Is it any surprise that all of the primary links on MySpace News — digg style voting on stories by MySpace’s 160 million users — are to Murdoch-owned entities like the Times of London, FoxNews, and the New York Post?

Chicago Tribune goes hyperlocal with TribLocal — will be watching thic closely.

And After chewing for quite a while, Yahoo! finally wrapped upcoming.org users into their Yahoo! ID and migrates the event listings site to upcoming.yahoo.com