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News Corp. sold its social-networking website Myspace to Specific Media, an online advertising firm, for around $35 million, which was just 6 percent of $580m it paid for the then biggest name in social media in 2005.

Embattled social networking site MySpace has been sold by its owner News Corp. to digital media company Specific Media for a rumored $35 million, a deal that clinches the position of Facebook as the lord, king and master of social networking world.

Search giant Google has come up with mobile Google Sites to enable businesses to enter the mobile space.

The most attractive feature about the phone is a blue Facebook button at the bottom.

With the growing market of smartphones, Google has shifted its focus towards mobile web apps.

The reigning social network king Facebook will have another reason to keep Google in their sights. The online search giant has introduced its latest attempt to step back into the social network scene with Google+.

Newsweek Editor-in-chief Tina Brown's retaliation to the controversial 'Diana at 50' cover has raised the question if Newsweek is basking in the bad publicity.

Google has some advantages with Google+ over Facebook such as privacy, exclusivity and integration.

News Corp has sold MySpace to Specific Media for $35 million, according to AllThingsD. Just six years ago, it paid $580 million. That's a colossal loss both in percentage terms (-94 percent) and dollar terms (-$545 million).

Critics share their views on Google's latest social network. Some see a promising future, some are skeptical.

The man who brought sexy back is the man behind the latest attempt at a Myspace revival.

If he was able to bring “SexyBack” maybe he’s got a shot at bring MySpace back too.

Groupon and LivingSocial are all the rage with their daily deals, but the space is getting more crowded fast.

Ryan Cleary was released on a bail, having been diagnosed with Asperger's syndrome while in custody.

Google+ looks a lot like Facebook; however, dig deeper and you'll see there's more than meets the eye.

News Corp paid $580 million for social media site Myspace six years ago, but today News Corp announced it has sold a majority of its MySpace ownership for $35 million.

Google has stepped back into the social network ring with the launch of Google+ (Plus). The new social network hopes to succeed where Google's previous Buzz project failed by creating a more natural way for users to connect. The focus is by first playing it safe through utilizing basic functions of sharing photos, chatting, and meeting friends, and then builds on that with some unique features that rival Facebook's groups and text message blasts.

Pope Benedict XVI sent out his first message on Twitter publicizing Vatican's news website.

The two smartphones making waves apart from iPhone 5 are Samsung Galaxy S2 and Motorola Droid Bionic.

Google+ has privacy issue advantages over Facebook, but that does not mean Google's product will be a winner in the social media war. Comparisons between Google+ an Facebook are made here.

Zuckerberg can easily become the third richest technology guy.