MySpace Beginning To Fade

Jacqui Cheng reports from Ars Technica:

"MySpace continues to bleed employees as it slowly fades into Internet obscurity. The company announced this week that it's considering chopping more than half its international staff and closing a number of offices that are outside the US. Talk of this plan comes only a week after MySpace laid off 30 percent of its US staff, another reminder of its fall from dominance."