The owner of MySpace, 78 year old Rupert Murdoch, says that he won’t sell MySpace (even though it’s taking tumbles in popularity and losing TONS of users to Twitter and Facebook).

His reasons? Twitter hasn’t found a way to make money, and Facebook is just a directory.

Throw out a couple of jabs against the two social networking giants, and you’ve got a fight waiting in a back alley.

Sources: New Corp won’t buy Twitter, won’t sell MySpace

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