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MySpace Gives Up In Race With Facebook

Social networking leader 'is not our competition'

By Kevin Spak,  Newser Staff

Posted Oct 22, 2009 11:52 AM CDT

(Newser) – MySpace has officially waved the white flag in its battle with Facebook. The company’s new CEO—ex-Facebook exec Chris DeWolfe—tells the Financial Times that the company now sees itself as more of a music and entertainment hub than a social networking site. “...   Read full story »

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