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InterActiveCorp will split in two

The New York-based Internet conglomerate said Tuesday it will move its extensive online travel holdings, including reservation services Expedia.com, Hotels.com and Hotwire, into one venture, which will do business under the Expedia moniker. The company’s other...

Myspace a good investment?

Bambi Francisco, CBS.MarketWatch.com: Venture capitalists embraced Friendster and lavished it with a $53 million market valuation, when Friendster had negligible revenue but a lot of promise. Now there’s MySpace, a very similar site to Friendster in that MySpace...

Online Dating spending up 6.4%

U.S. consumers spent $853 million on online content in the first half of 2004, led by growth in entertainment content — a 14 percent increase in spending over the same period last year, according to the Paid Content U.S. Market Spending Report, conducted by...