During the Web 2.0 conference held in San Francisco this week, MySpace CEO Chris DeWolfe suggested that Social networking site MySpace might be working on its very own MP3 player. DeWolfe, who admitted that a MP3 could soon be released, held talks with Warner Music Group CEO Edgar Bronfman Jr.
The possibility of working on Mp3 player was not directly specified by DeWolfe, but it was neither denied.
DeWolfe said, "For now, we are much more focused on the service. But, if anything, we'll be accretive to iPod sales, unless we develop a device."
Yahoo, which is constantly making efforts to control the mobile search market, is being responded by positive responses. A recent announcement made by T-Mobile reveals that they have selected Yahoo to power its latest web2go portal. The new portal will have T-Mobile subscribers who use the Internet, use the Yahoo-powered service by default. 
According to a report published recently, Metro-Goldwyn Mayer Studios, better known as MGM is the first major movie studio to post full-length feature films on YouTube, the world's biggest stage for online videos. 
With shares of Yahoo Inc. plunging on Friday, Steve Ballmer, CEO Microsoft Corp. said at a business lunch in Sydney that Microsoft is no longer interested in “revisiting a possible acquisition” of the struggling Yahoo. Still, he did suggest a partnership in the search engine market is possible.
