News Corp will dump MySpace, according to reports. Can MySpace recover after the sale?
MySpace has been troubled ever since the rise of Facebook. News Corp bought MySpace expecting revenues of $1 billion per year, but is now looking to sell it for less than $100 million.
MySpace has struggled to compete with Facebook and upstart Twitter in recent months. Now, the once reigning social media king will put its remaining clout behind MySpace Music.