ONLINE SERVICES/INTERACTIVE MEDIA

ONLINE SERVICES/INTERACTIVE MEDIA
MySpace, the popular online social network owned by News Corp., could develop a digital music player in the future, pitting it against Apple’s hot-selling iPod. However, “right now, we’re just focusing on the service,” said CEO Chris DeWolfe, speaking at the Web 2.0 summit. (Iwantmedia 11/7, http://www.reuters.com/article/internetNews/idUSTRE4A612L20081107 11/7)

MySpace COO Amit Kapur revealed at the Web 2.0 Summit that MySpace is working on its own payments and virtual gift products that MySpace developers will be able to add to their own apps. (

http://www.techcrunch.com/2008/11/07/making-money-on-myspace-payments-and-virtual-gifts-coming-soon 11/7)

Facebook doesn’t need more money, according to CEO Mark Zuckerberg, who spoke Thursday afternoon at the Web 2.0 Summit in San Francisco. The independent online social network has already attracted thousands of online advertisers, he said. Revenue is in the “hundreds of millions.” (Iwantmedia 11/7, http://blogs.barrons.com/techtraderdaily/2008/11/06/facebooks-zuckerberg-we-dont-need-more-money 11/6)

In a panel at the Web 2.0 Summit, Twitter co-founder and CEO Evan Williams wouldn’t concretely answer a big unanswered question: how the hit microblogging site plans to make money. He did hint, however, of a possible business model: corporate accounts for businesses. (Iwantmedia 11/7, http://news.cnet.com/8301-13577_3-10084007-36.html 11/6)

Online classified service Craigslist reached an agreement with 40 state attorneys general to curb its “erotic services” listings, long used for local prostitution services. Clients using the category must now pay a fee using a valid credit card as well as provide Craigslist with a working phone number. (Cynopsis 11/7)