There have been nothing but headlines since Rupert Murdoch joined Twitter less than two weeks ago. After owning an account for just 48 hours, Murdoch managed to offend an entire country by suggesting the "Brits have too many holidays for a broke country." Shortly after, a fake Wendi Murdoch (wife of Rupert Murdoch) account was mistakenly verified by Twitter as real. Never shy of the spotlight, Murdoch this morning went on record saying he and his team "screwed up" MySpace in just about every way imaginable.

Researchers at The National Center on Addiction and Substance Abuse at Columbia University just released a study that's sure to ruffle a few feathers, and may freak out parents of Facebooking teens. What the study found is that teens who regularly hop onto Facebook, MySpace, or other social networking sites are much more likely to do things they shouldn't be doing, like drinking alcohol and smoking pot.

It's official, News Corp. sold MySpace to advertising network Specific Media for around $35 million, and Rupert Murdoch can finally move on. That's far below the $100 million asking price, and even though News Corp. retains a less than five percent stake, if you crunch the numbers, like Arstechnica did, you come to the conclusion that Murdoch and Co. lost over $1 billion on this deal. How can that be when News Corp. bought the social networking site for $580 million?

Remember MySpace? It was the digital playground everyone was playing on until all the cool kids headed to Facebook, sparking a mass exodus and leaving MySpace as the social networking site that once was. MySpace still exists, only it's a shadow of what it once was, and News Corp. would like nothing more than to sell it off. As it turns out, News Corp. may have found a most unlikely buyer.