Former Myspace CEO: "In a world where startups can be created on shoestring budgets and new brands are launched every 10 minutes, we have to question whether our industry can sustain reinvention"
The National Center on Addiction and Substance Abuse at Columbia University finds that teens using social media sites are more likely to smoke cigarettes, drink and smoke marijuana
From a peak valuation of $12B to a garage sale price of $35M Wednesday, MySpace is a stunning example of the problem new media companies have sustaining their value over time
Mildred Patricia Baena's profile on the social networking site contains shots of her relaxing with friends and a boy who appears to be the former governor's son