If you had bet the under following The New York Post's rumor that MySpace's iTunes competitor was launching last week, you would’ve been a loser. Today, Reuters is giving the gambler in you another chance, reporting that the social network "will unveil a music joint venture with at least three major music companies within 5 days."

Yahoo!, MySpace and Google will form non-profit OpenSocial Foundation, which aims to assure neutrality and longevity of specification for building social applications across the web.

Carmen Kontur-Gronquist, the mayor of Arlington, Oregon, has been ousted of her position after racy MySpace pictures of her surfaced over a month ago.

MySpace negotiates with music companies to launch an advertising-supported free music service.

MySpace is positioning itself as a destination for buying exclusive musical performances, writes Samantha Chang.

New research from Northwestern University finds that college students’ choice of social networking sites -- including Facebook, MySpace and Xanga -- is related to their race, ethnicity and parents’ education.

The family of 13-year-old Megan Meier wants justice after their daughter committed suicide over MySpace romance hoax. Ron and Tina Meier say the family they blame for their daughter’s death have not even apologized for their actions that pushed their daughter over the edge.

Parents of a teenage girl who committed suicide just over a year ago, have put the blame on their neighbors, saying it was a Myspace hoax that pushed their daughter over the edge.

Roger Thompson of a company called Exploit Prevention Labs has posted a video (above) explaining how Alicia Keys’ MySpace page was hacked, although not in the sense that anybody gained actual control over the page.

Internet juggernauts Google and MySpace are teaming up to take on social networking site Facebook. MySpace today agreed to join OpenSocial, a new Google platform designed to allow developers build applications that will work on any website.

MySpaceTV, the video wing of the online community network, has unveiled its first original web series to give its users a television-like experience with the interactive benefits of the internet.

Virginia police arrested William Joe Mitchell today. Authorities allege the registered sex offender lured 15-year-old Alyssa Frank over the social networking website, myspace.com.