• The Social Times, Friday, May 2, 2008 11:15 AM

MySpace, which opened up its applications to users last week, has begun charging for premium placement on its Apps Gallery page and on each of its 22 category pages. The featured spots cost between $50K and $100K per week. MySpace is the first platform to actively seek revenue from app makers. This could be bad news for companies with application ad networks as MySpace is now directly competing with them.

So far, both Read Write Web and The Social Times report that apps maker Slide, Inc. is the only advertiser, its apps occupying all four featured spots on the main page of the MySpace Apps Gallery. Read Write Web's Read the whole story at The Social Times »