A previous round of cuts in June 2009 eliminated 30% of its work force, or about 420 jobs.

The relaunch focused MySpace on giving its users, mostly aged 13 to 34, more ways to consume music, videos and celebrity gossip.

The entertainment site MySpace is cutting again – about 500 people, nearly half of its staff worldwide, after an extensive revamp in October overhauled its look and allowed it to be run with fewer people that put the site on a path to profitability while making it more nimble and entrepreneurial.

MySpace recently said it is no longer trying to compete with Facebook. Facebook earned US$355 million on revenue of US$1.2 billion in the first nine months of last year. Before, MySpace tried to be an all-purpose social networking site like Facebook.

News Corp bought the site in 2005 for US$580 million but it has been losing money consistently.

In the three months through Sept 30, the ‘other’ segment housing MySpace lost US$156 million, about US$30 million more than the previous year, mostly because of lower search and ad revenue at MySpace.

Several Chinese clones who took the opportunity to fill the void draw tens of millions of users found immediate success.

Many Chinese, amidst regular reports of officers ignoring public concerns or dealing harshly with ordinary citizens, view police negatively and news about official and police misdeeds often trigger heated comments on micro-blogs.

The country’s Communist authorities have taken note and in a bid to counter heavy-handed image and to ‘guide public opinion’, at least 500 police bureaus throughout China, have set up accounts and are sending out messages on Twitter-like micro-blogging services that have become wildly popular in China.

Police improved communications with tech-savvy citizens and praised Internet users for ‘supervising’ the government where officials have repeatedly advocated wider government use of micro-blogs, which enable users to send out 140-character messages .

Last June, a government white paper on the Internet issued  singled out micro-blogging as a useful communication tool.

Photo Source: The Telegraph

The new high-speed service by Ncell, a subsidiary of Swedish telecom company TeliaSonera, will allow mountaineers setting off to the summit of the world’s tallest mountain to access wireless Internet and make video calls to family, friends and supporters.

You can’t get away from a cell phone call for sure, even at the top of the world – It’s inevitable.

The Apple I had only 200 such models ever made – introduced in 1976, it was the only personal computer to come with a fully assembled motherboard, making it ready to use straight from the box — provided the user a keyboard, power supply, and display, sold for $666.66 and its availability was discontinued in 1977.

But last month, one of it was auctioned for 425 times the price – 133,250 pounds (about $210,000) to Italian private collector who loves computers, Marco Boglione, who made his offer over the phone.

The Apple I computer came with its original packaging and a signed sales letter from Steve Jobs, one of Apple Computer’s co-founders and the current CEO of Apple Inc.

Apple Computer co-founder Steve Wozniak, was present at the technology auction of technological greats.

He agreed to add an autographed letter to the lot, saying the the auction was a historic moment for his work, as his heart went out to see things auctioned off like the writings of British mathematician Alan Turing, considered one of the founders of modern computing, and Enigma, the German code-making machine, and the Apple I.

Security experts believe there is a good chance it will soon emerge with even more powerful ways to steal, a pattern seen of  its behaviour.

ZeuS’ anonymous programmer, first introduced ZeuS in 2007 as spyware that would hide in users’ computers and log keystrokes to steal passwords.

The programmer used a middleman to sell the spyware software with 24/7 support, which the basic version would run as low as US$1,000, to criminal gangs which used to have preference of small companies, townships and even churches.

But recently, they emptied brokerage accounts at E*Trade Financial Corp and TD Ameritrade Inc.

Authorities in the United States, Britain and the Ukraine arrested dozens of people allegedly involved in a global cybercrime scheme that used a version of the ZeuS Trojan to steal US$70 million from US bank accounts about a month ago.

This year, an estimated US$100 million was stolen from US towns, companies and individuals.

Straits Times reported the A*Star team exploited high radio frequencies to enable three 25GB Blu-ray movies to be wirelessly downloaded in a minute, which the research team hope would open up a myriad consumer applications’ for home entertainment, mobile electronics and can potentially ‘eradicate’ messy cables for transferring data between devices.

The new series of high-speed wireless communication chips uses silicon-based materials to communicate data at a rate of 10Gbps on a 135 GHz band.

Data that can be communicated 100 times faster than present-day Wi-Fi.

He is released on bail pending further investigation.

The suspect was alleged to have posted comments on 4th November, claiming he was associated with a gang and was also alleged to have challenged other netizens to a fight, stating a specific date, time and place.

Darren Ng’s murder on 31st October was sparked off by the inter-gang hostility that led to the fight at Downtown East. And, the incident moved online, in the form of a vicious war of words among netizens on YouTube’s wall.

The Criminal Investigation Department is ‘taking a tough stance on gangs’, warning those cause fear or incite violence but hide behind the anonymity of the Internet to think twice.