This Week In Social Media – November 6, 2009
In Social Media News Brief | No commentThis Week in Social Media – Nov 6, 2009 iePlexus from iePlexus on Vimeo.
This Week in Social Media – Nov 6, 2009 iePlexus from iePlexus on Vimeo.
Here’s a look at some of what happened this week in the world of social media and elsewhere on the Web.
-It should be no shock that MySpace is losing users, but now the company is in jeopardy of losing nearly $100 million. In 2006, MySpace made a $900 million deal with Google that would allow the search engine to be the exclusive search advertiser on MySpace, which at the time was the most used social networking site. The site is coming dangerously close to maintaining a minimum traffic level, which could break the deal with Google. In the past three months, MySpace’s page views have dropped 22.75 percent. (more…)
Late last week, a San Jose, California judge awarded Facebook $711 million. This comes after Sanford Wallace, a spammer who had hacked into users profile, posted phony wall post and messages to those users friends. In March of this year, Wallace along with Adam Arzoomanian and Scott Shaw had all been sued and had been put on a restraining order by Facebook. The restraining order was put into place, so that if any of three hacked into Facebook again, they will be thrown into jail immediately.