shortformblog:

  • $25M in funding will be lost by the new Myspace at the end of 2012, following a year of disappointing revenues. The company has lost more than $40 million this year after only raising $14 million in revenue following yet another rebranding.
  • $50M in new funding will be sought by the…

Translation: Justin Timberlake couldn’t bring the sexy back. Sad. Predictable.

(Source: CNET)