Myspace new design: Justin Timberlake banks on success of completely new Myspace focus, design

Do you remember Myspace? Because Justin Timberlake is hoping that you do.

The social media website, which has slowly dwindled in popularity over the years, has completely revamped itself thanks to big time investors like pop star and actor Justin Timberlake.

According to Chris and Tim Vanderhook, who bought the company in July 2011, MySpace's new design now focuses on emerging artists who hope to be discovered.

In early September, Myspace was ordered to put a new privacy program in place as part of a settlement with the Federal Trade Commission.

The FTC said that it approved a final order that settles its charges against the social networking company for misrepresenting its protection of users' personal information.

As part of the settlement, Myspace is barred from future misrepresentations about its privacy practices and required to implement a comprehensive privacy program. It also requires that the company have regular, independent, privacy assessments for the next 20 years.

The FTC argues that Myspace violated its privacy policy by providing advertisers with information on users who were viewing particular pages on the site. Advertisers could use the information provided by Myspace to locate a user's profile and obtain their personal information. The agency charged that the deceptive statements in its privacy policy violated federal law.

The FTC filed its complaint against the company in September and both sides reached an agreement in May. However, the settlement was subject to a public comment period before it could be finalized.

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