MySpace to Launch a Business Incubator

Posted on February 14, 2008
Filed Under News

Here’s another MySpace News update brought to you by Central MySpace Source…well almost

Alright, this is the latest news: MySpace is planning to publicly announce that they will be launching a business incubator called SlingShot Labs. This is to let them spawn internet start-ups for news corporations expanding empire of web properties (which now includes the Wall Street Jurnal – WSJ.com and IGN – The Video Game Site).

It took about$15 million to secure the new venture which currently hires 40 emplyers which mostly consists of professional software developers.

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