Facebook Mulls Digital Music Business

Facebook founder and CEO Mark Zuckerberg is reportedly considering entering into the digital music business and becoming a streaming competitor to iTunes and MySpace.Zuckerberg is in talks with several song streaming services and music community sites including Rhapsody.com, iMeem.com, iLike.com, and Lala.com, sources familiar with the situation said, according to the New York Post.

MySpace Could Reach A Billion This Year

Things aren't looking too bad for MySpace right now in the financial department. As the economy is in a shambles, MySpace seems to be one of the businesses poised to overcome it and actually see growth.

Playboy Drops DVDs for Online Video

If this isn't a shining example that online video is taking over, I don't know what is. Playboy is going so far as to completely shut down their DVD business to move all of their video content to the Internet. "Unlike other companies that began in print, we have profitable television, online and mobile businesses, which have domestic and international growth potential," said CEO Christine…

Yahoo Cutting 3,500 Jobs?

If a recent leak of information is true, Yahoo CEO Jerry Yang and board chairman Roy Bostock are looking worse and worse. Remember all that grandstanding last spring about employee severances and retention packages when Microsoft’s offer to buy was still on the table?Remember the nasty letters between Carl Icahn and Bostock about that and how Bostock seemed to be looking out for employees and…

Live: Google Realistic, But Optimistic

Let out that held breath, everybody - Google had a good third quarter.  While the company didn't destroy estimates as it's done in the past, such behavior could hardly be expected at this point, and Google at least managed to improve its performance in most respects.All of this led to some rather happy and enthusiastic behavior on the part of investors.  Google's stock has gone…