News Corp. buys MySpace, which was the next Friendster/Orkut and/or where all the angsty emo teenagers moved to after LiveJournal became too full of grown-ups. Murdoch paid US$580m for it. No word on whether MySpace.com is going to start showing prominent flags, "We Support Our President" banners and/or ads for Ann Coulter books (or, in Britain, a "Chav And Proud" logo in Burberry check).

(More seriously, News Corporation is known for its fine-grained news-management deployed strategically to influence elections. Perhaps their acquisition of a social-network site, and building up an internet division, could be used to enhance this on an even finer level. Imagine, for example, if they have a system capable of predicting a user's political sympathies, based on their social contacts, web links, and/or keyword analysis of their comments/journal entries. Those with political opinions in line with News Corp. strategic goals could be served with ads and/or news content designed to stir them into activism, whereas those with opposing inclinations could be fed toned-down versions of news articles and ads for escapist entertainment designed to depoliticise them. The possibilities are endless.)

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