MySpace has been trying to re-brand itself as a site full of entertainment, comedians, and musicians. MySpace isn't able to keep up with Facebook and sources are reporting that MySpace will layoff off half of its staff.

As much as 50 percent of the 1,100 employees at Myspace could be let go. Even with the layoffs, the company still finds itself in a lot of trouble. Its recent redesign to an "entertainment hub" hasn't gotten the feedback they would have liked, so now, there is major talk about selling the company all together.

 When did you stop using MySpace and jump on the Facebook/Twitter band wagon?

The photo to the left is MySpace creator Tom.