Murdoch’s News Corp hurting again

The bounces have not gone in his favor lately. MySpace isn’t what it used to be but then again, what ever was it in the first place? Reuters:

MySpace, the social network owned by Rupert Murdoch’s News Corp., said it plans to cut about two-thirds of its international workforce and close at least four of its offices outside the United States.

The proposed move comes a week after it said it will cut 30 percent of its staff. Roughly half of MySpace’s total user base comes from outside the United States.

Rival Facebook’s worldwide user base is more than double that of MySpace, according to market researcher comScore.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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