It is quite rare these days to find an internet user that frequents both the Microsoft Outlook e-mail program and the often forgotten spawn of social networking that is MySpace. The former is often used by people with a lot of e-mail accounts usually for work and the later by teenagers hoping to get their attempt at a chart topper heard.

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As you may have heard, if you’ve been paying attention, MySpace/News Corp are currently in the process of trying to sell Photobucket, the video and image sharing service it acquired for $250 million dollars with an additional $50 million earnout in 2007. The buyer is a company called Ontela, who come with 40 million backing from Disney’s Steamboat Ventures arm. The deal with Ontela is thought to be at an advanced stage though sources close to both companies are putting the valuation at around $60 million, an 83% reduction from what MySpace paid.

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By the end of the year many MySpace users will have their very own ‘@myspace.com’ email address. The launch, scheduled for late 2009, will be low key and initially limited only to the USA. The scheme is intended to be rolled out to the rest of the world, though a plan for this is yet to be drafted. Sources within the popular social networking site have called the email plan the ‘logical extension’ of the brand and its existing ‘instant messaging tool.’

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With so much of the world now poking, tagging and micro blogging their way across the social networking landscape, you’d be forgiven for thinking that social networking didn’t have much room to grow. Well, apparently not. According to Nielsen Online, the amount of time the USA spends on social networking sites has risen by a whopping 83 per cent over the last year.

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The government could be about to gain access to your Facebook account, that’s if new plans announced today are approved. The home office is proposing forcing some social networks to hold data on the movements of their members in an effort to disrupt the activities of criminals.

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Its official, in 2008, Myspace and Facebook suffered much less downtime than the other main social networking sites. That’s according to a report from Pingdom, an outfit which monitors websites around the world. The group studied 15 of the world’s more popular social networks for the entirety of 2008 and found significant differences in outages and down-time.

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