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Myspace Axes Over Half of Staff, Welcomes Justin Timberlake as Part Owner

If you’re one of the few remaining employees of Myspace, you’re now working for Justin Timberlake. The pop star is a part owner of Specific Media, the company that just purchased Myspace. Timberlake said in a statement “There’s a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect. Myspace has the potential to be that place.”

He may be on to something. Myspace Music is by far the best part of the site, allowing new and undiscovered artists a useful platform.

Timberlake will serve as a creative consultant to the Beverly Hills-based firm. According to USA Today, he’ll have his own office and everything.

And there’s plenty of empty office space to occupy. The Wall Street Journal reports that Myspace is laying off over half of its approximately 450 employees. Ouch.

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