Wired News: The MySpace Economy

Wired News: The MySpace Economy: "

Tens of millions of people show up regularly at MySpace, News Corp.'s suddenly popular virtual hangout. That's good news for News Corp. boss Rupert Murdoch, who raised eyebrows by shelling out $580 million for the website last summer. But it's also an opportunity for ambitious entrepreneurs who have figured out how to make money by catering to the site's hordes of visitors.

Meanwhile, Louis Ramos, a freshman at Southern Illinois University, says he has made more than $200,000 since last June by running Pimpmyspace.com and Myspaceeditor.org, two sites that offer MySpace users free tools to upgrade and spruce up their profiles with colors and images. MySpace doesn't build many customization options into users' profiles."