MySpace: Your New Classifieds Service?

Popular social network MySpace is ramping up its classifieds advertising efforts. I think it could prove to be a formidable competitor to current classifieds heavyweights: newspapers and sites like and
Olga Kharif

Popular social network MySpace might soon take classifieds advertising to a new level. Apparently, the company is going to expand its classifieds efforts. It's also toying with the idea of allowing the site's users to swap and sell items to each other, according to the company's recent presentation at a Merrill Lynch conference.

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