Social networking site Myspace has agreed to settle charges from the U.S. Federal Trade Commission that it misrepresented its protection of users' personal information, the FTC announced Tuesday.

Facebook, MySpace and Bebo are in the firing line from Cyber Safety Committee deputy chair, Alex Hawke, saying that Australian children younger than 13 use their websites despite the current 13+ age restriction.

Software engineers from major social networking companies have apparently grown tired of Google's relentless drive to push its own Google+ social network at the expense of other sites.

News Corp's purchase of Myspace was a "huge mistake" and the social network was mismanaged "in every possible way" following the acquisition, chief executive Rupert Murdoch says.

User satisfaction with Facebook is low enough that the social networking site risks losing significant market share to Google+, according to a new study.

Things just keep getting worse for MySpace. The former social networking hub recently announced it would cut nearly half of its global workforce as part of a restructuring effort.   As many as five hundred MySpace employees worldwide will soon be looking for work as the site continues to redefine itself from a social network to an entertainment content site with social networking features.

Today's massive memorial service for Michael Jackson may have strained some social networking and news sites but it didn't cripple them, as many had expected.

The University of Southern Queensland (USQ) is increasingly turning to social media tools and virtual environments to attract students and improve its services.