socalTECH

JANUARY 11, 2011

Amid rumors for weeks that Los Angeles-based MySpace has been planning massive layoffs, the firm said today that it is cutting 47 percent of its staff globally, or roughly 400 employees. MySpace has been undergoing major structural changes over the past few years, as the firm's core social networking business shifted to competitor Facebook.

Layoffs 194

Layoffs Social Network Entertainment Los Angeles 194

socalTECH

SEPTEMBER 29, 2008

Los Angeles-based Uber, the online social networking web site run by former Friendster CEO Scott Sassa, has shut down. According to the firm's web site, as of September 29, the firm's investors have decided to stop supporting the site, and the company has closed its doors. READ MORE>>

Slides 100

Slides Social Network Web Blogging 100

socalTECH

NOVEMBER 24, 2008

Hollywood-based, music-related blog and content firm Buzznet has reportedly cut employees, according to a report from Digital Music News. Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others.

Buzznet 100

Buzznet Report Anthem Redpoint 100