MySpace is looking to buy Web music service iLike for around $20 million according to several blogs. iLike co-founder Hadi Partovi declined to comment when we asked him and MySpace's PR team also declined to share details.
Barry Diller likes social networks. He says they function as telephones used to: they help us communicate with each other. But one thing they don't do is make money. Here's what he told the Goldman Sachs Ninth Annual Internet Conference today in Vegas: