Social Networks Consume 22% Of Australians' Time Online

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Facebook (along with a few other social media sites) exerts a strong pull in many countries all over the world, and new stats from comScore confirm that one of them is Australia.  comScore’s found that Australians dedicated almost 22 percent of their time online in December 2010 to social networks, versus 16.6 percent a year earlier. A quick note with …

News Corp. On MySpace: "Current Losses Are Not Acceptable"

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To be clear: we don’t mean to spread rumors or alarm anyone.  But MySpace employees might want to consider setting aside some extra money and updating their LinkedIn profiles, as one News Corp. exec hinted during an earnings call that a drastic cost-cutting action of sorts may occur. A large round (or two) of layoffs is one possibility.  A sale …

Microsoft Chalks Up Win With Earnings Report

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The three-month period ending September 30th – which Microsoft almost inexplicably refers to as the first quarter of its 2011 fiscal year – was good to the company.  Microsoft shared its earnings report this afternoon, and it beat analysts’ estimates by a large margin. The consensus estimate regarding revenue, for example, was $15.8 billion.  Microsoft reported $16.2 billion, instead.  Then, …