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Today in Tech: MySpace layoffs today, Verizon iPhone launch

January 11, 2011: 6:00 AM ET

A curated selection of the day's most newsworthy tech stories from all over the Web.

  • As reported a week ago, MySpace intends to lay off 50%, or between 550 and 600, of its staff today under the guise of restructuring and shedding legacy business divisions. Afterwards, it's expected the struggling social network-turned-entertainment hub will look at sale options. Some possibilities: being picked up by a private equity buyer or even being sold to Yahoo. (AllThingsD)
  • Would-be Verizon iPhone owners rejoice! The day you've all been waiting for -- and we've been speculating about -- is allegedly, finally here. At 8 AM PST/11 AM EST, Verizon will hold a super-exclusive press event at New York's Lincoln Center, where it's believed the number one carrier in America will reveal a CMDA-capable iPhone. I'll be live-blogging the event, so keep a lookout on Fortune and CNNMoney for our continuing coverage throughout the day, but for now, we know buyers will be able to pick it up as early as late January and sign up for an unlimited data plan for $30. Rumored, but nowhere near guaranteed: an appearance by Steve Jobs himself.  More
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