MySpace cofounder Chris DeWolfe is stepping down as chief executive of the social network, MySpace owner News Corp said on Wednesday.
News Corp’s new chief digital officer Jonathan Miller said that “by mutual agreement, Mr DeWolfe will not be renewing his contract and will be stepping down in the near future.”
In a statement, News Corp also said that Miller was “in discussions” with MySpace president Tom Anderson to have him “assuming a new role in the organization.”
News Corp said that DeWolfe would continue to serve on the board of MySpace China and be a strategic adviser to the company.
“In a little under six years we’ve grown MySpace from a small operation with seven people to a very profitable business with over 1,600 employees,” DeWolfe said. “It’s been one of the best experiences of my life and we’re proud of, and grateful to, the team of talented people who helped us along the way.”
Anderson and DeWolfe are credited with creating MySpace, which launched in 2003 and was bought by News Corp in 2005 for US$580 million.
Miller called Anderson and DeWolfe “true pioneers” and credited them with building MySpace into a “vibrant creative community” with 130 million followers worldwide.
Miller said a new management structure for MySpace would be announced “in the near future.”
Rumors that DeWolfe and Anderson would be dethroned began circulating earlier this year as MySpace logged a drop in the number of users while its young rival Facebook posted gains.
Facebook replaced MySpace last year as the world’s most popular social-networking Web site and industry figures show Facebook has been widening its lead. Facebook welcomed its 200 millionth user last week.
US software giant Microsoft bought a 1.6 percent stake in Facebook in 2007 for US$240 million, valuing the social network on paper at US$15 billion.
AGING: As of last month, people aged 65 or older accounted for 20.06 percent of the total population and the number of couples who got married fell by 18,685 from 2024 Taiwan has surpassed South Korea as the country least willing to have children, with an annual crude birthrate of 4.62 per 1,000 people, Ministry of the Interior data showed yesterday. The nation was previously ranked the second-lowest country in terms of total fertility rate, or the average number of children a woman has in her lifetime. However, South Korea’s fertility rate began to recover from 2023, with total fertility rate rising from 0.72 and estimated to reach 0.82 to 0.85 by last year, and the crude birthrate projected at 6.7 per 1,000 people. Japan’s crude birthrate was projected to fall below six,
US President Donald Trump in an interview with the New York Times published on Thursday said that “it’s up to” Chinese President Xi Jinping (習近平) what China does on Taiwan, but that he would be “very unhappy” with a change in the “status quo.” “He [Xi] considers it to be a part of China, and that’s up to him what he’s going to be doing, but I’ve expressed to him that I would be very unhappy if he did that, and I don’t think he’ll do that. I hope he doesn’t do that,” Trump said. Trump made the comments in the context
SELF-DEFENSE: Tokyo has accelerated its spending goal and its defense minister said the nation needs to discuss whether it should develop nuclear-powered submarines China is ramping up objections to what it sees as Japan’s desire to acquire nuclear weapons, despite Tokyo’s longstanding renunciation of such arms, deepening another fissure in the two neighbors’ increasingly tense ties. In what appears to be a concerted effort, China’s foreign and defense ministries issued statements on Thursday condemning alleged remilitarism efforts by Tokyo. The remarks came as two of the country’s top think tanks jointly issued a 29-page report framing actions by “right-wing forces” in Japan as posing a “serious threat” to world peace. While that report did not define “right-wing forces,” the Chinese Ministry of Foreign Affairs was
PREPAREDNESS: Given the difficulty of importing ammunition during wartime, the Ministry of National Defense said it would prioritize ‘coproduction’ partnerships A newly formed unit of the Marine Corps tasked with land-based security operations has recently replaced its aging, domestically produced rifles with more advanced, US-made M4A1 rifles, a source said yesterday. The unnamed source familiar with the matter said the First Security Battalion of the Marine Corps’ Air Defense and Base Guard Group has replaced its older T65K2 rifles, which have been in service since the late 1980s, with the newly received M4A1s. The source did not say exactly when the upgrade took place or how many M4A1s were issued to the battalion. The confirmation came after Chinese-language media reported
RSS