Rupert Murdoch, News Corp CEO/chairman, is taking the blame for MySpace growing much too fast. Last month, MySpace laid off 30% of its workforce, 420 employees. The company attributed the downsizing to a need to focus on innovation. Murdoch differentiates MySpace from Facebook by saying that Facebook is a directory of people, whereas MySpace is where you find people who share your interests.
Are you a MySpace or a Facebook kinda person?