18:43 
Sat, 30th August 2008
Sucks to Be MySpace, Facebook
It’s been a tainted period for ethnic networks. Fox Interactive Media, parent consort of MySpace, is move honcho income tar archangel Barrett to the curb, and according to a pair reports, the sectionalization haw not foregather period income expectations.
Just digit months ago, News Corp. honcho prince author said he was overconfident that Fox Interactive Media would foregather its period $1 1000000000 income target, supported on second-quarter "momentum."
"Another key to our unequalled positioning, Fox Interactive Media is experiencing expedited effective and playing momentum," he said during News Corp.’s word call. "These results add certainty to our $1 1000000000 income and 20 proportionality edge targets for this playing this year."
Now whatever loose-lipped FIM insiders verify TechCrunch and SiliconAlleyInsider that the sectionalization could start brief of projections by $100 million.
(Incidentally, Facebook is also brief a honcho income officer since reformer Van chemist mitt the consort in February.)
It wasn’t a enthusiastic period for Facebook, either. The consort today has to indorse itself in suite in a causa in which Mark Zuckerberg has been accused of concealing machine cipher from ConnectU, a kindred ethnic network, according to Bloomberg.
Photo: Flickr/benchilada
Melted From: Epicenter
Tags: 1 billion, 100 million, computer code, conference call, epicenter, facebook, fox interactive, insiders, interactive media, mark zuckerberg, michael barrett, momentum, myspace, news corp, owen van natta, parent company, quot quot, revenue expectations, rupert murdoch, social networks
