BetaNews | Microsoft Spins Off Social Network Site
Microsoft is developing its own social network website, named "Wallop." Microsoft wants Wallop to compete with MySpace. MySpace, owned by News Corp., is the most popular social network. It is estimated that there are 60 million user accounts. Despite recent bad press, MySpace is flourishing and everyone wants a piece of the action. It seems everyone is jumping on to the bandwagon trying to take a piece of the pie away from MySpace. Only a week ago, AOL announced it plans to develop its own social network, calling it "MySpace Killer." I find it highly unlikely that either AOL or Microsoft will successful in taking down MySpace.