cutting its workforce by as many as 100 jobs. Fox is the parent company of social network site MySpace as well as Photobucket and various mobile sites.
The move, which accounts for 5% of employees across the board, is another sign that MySpace and Photobucket are falling increasingly behind in the social networking battle. With Facebook and Flickr taking away much of the core audience of Fox Interactive’s babies, the signs aren’t good for Tom Anderson and his friends.
But is it such a surprise?Despite MySpace’s redesign last year to offer a better advertising platform as well as a more open network for users to access multiple social accounts, they’ve been falling behind Facebook for a while. While there’s no denying MySpace’s popularity in the US, outside of the States it’s Facebook that’s enjoyed a wider uptake.
Recent figures from comScore show Facebook receiving almost iLike and Comments
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