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  1. News Corp plans to sell Myspace this week!

    Myspace Sells out connectzone

    News Corp plans to sell Myspace this week!


    LOS ANGELES -- News Corp. is aiming to sell its struggling social network site MySpace this week and will likely lay off more than half of the staff, according to a person familiar with the matter. The company hasn't selected from among several buyers yet, according to the person, who was not authorized to comment publicly and spoke on condition of anonymity. At least three bidders are still in the running – Specific Media, Golden Gate Capital and Austin Ventures. The company is looking to cut a deal Wednesday or Thursday in order to have it completed this fiscal year, which ends Thursday. Earlier, the News Corp.-owned website All Things D reported that MySpace was on the verge of being sold for $20 million to $30 million. The person said the deal price will likely be much higher and include a combination of cash and stock. Even so, the sale marks a stunning reversal from 2005, when News Corp. bought the startup
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  2. Google +1 button Explained: What Happens When You Click It?

    Google @connectzone

    Google +1 button Explained: What Happens When You Click It?


    Google has made its latest foray into social media with the launch of its +1 button, a tool that the search giant hopes will accomplish two feats: make Google a legitimate player in the social space while helping return more relevant search results to its users. What is Google +1? Google's promotional video for the +1 button explains the social feature thus: "When you click +1, you're telling your friends, your family and the rest of the world, 'this is something you should check out!'" In that sense, the Google +1 button is similar to Facebook's "Like" button. But instead of your "Likes" -- or in this case, your +1's -- being posted to your Facebook profile, your +1's are collected in your Google profile and displayed when people within your Google social circle search for something you've recommended. How to use Google +1: If you've opted in via Google Labs, you'll
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