Today in Tech: MySpace layoffs, Facebook worth $50 billion? by JP Mangalindan @FortuneMagazine January 3, 2011, 11:13 AM EST E-mail Tweet Facebook Google Plus Linkedin Share icons A curated selection of the holiday weekend’s most newsworthy tech stories from all over the Web. Cheap flat-panel maker Vizio intends to make a splash today by unveiling two notable products that marks a company first: the Via Phone with a 4-inch screen, front-facing camera for video calls, and a 5 megapixel rear cam, as well as the Via Tablet, sporting a 8-inch high-res screen, WiFi (of course), three speakers, and a front-facing cam. Both will run Android and launch this summer. (Wall Street Journal) MySpace could reportedly lay off as many as 50%, or 550, of its staff as both a cost-cutting measure and part of a way to restructure the struggling social networking site-turned-entertainment hub. (AllThingsD) Meanwhile on the Facebook front, the booming social networking champ raised $500 million from Goldman Sachs and a Russian investor that puts its valuation somewhere in the ballpark of a whopping $50 billion, which would be more than eBay, Yahoo, and Time Warner are worth. Facebook also reportedly chose its new office digs: the former Sun Microsystems-Oracle campus in Menlo Park, California, which ought to provide more room than the 150,000 square-foot space the company moved into just two years ago. (New York Times and TechCrunch) Square, the startup from Twitter creator Jack Dorsey that turns your smartphone into a credit cart machine, is close to wrapping its latest round of funding, which likely includes investors like Sequoia Capital, Khosla Ventures, and a strategic investor like Visa, Mastercard or American Express. The cash infusion could push the company’s valuation to around $200 million. (TechCrunch) According to Citibank’s US Internet Stock 2011 Playbook, Apple will generate as much as $2 billion in app sales this year, which is apparently roughly the same amount as the company’s estimate for the whole online video ad market this year. (TechCrunch) Google continues to work behind the scenes on its e-newsstand venture, which according to sources, remains pretty vague in terms of concrete details. But the same sources also mention Google could take a lesser fee than Apple’s demands with its 30% take from iTunes app sales. It’s also allegedly proposed giving publishers access to some user data, which would be a potent tool for targeted behavioral marketing. (Wall Street Journal) Will 2011 be the year of the $100 Android phone? If Vodaphone’s “845” model, priced at £70 ($108), is a sign of things to come, then that’s a definite yes! (Fortune) In light of supposedly leaked Verizon promotional materials, Samsung will likely drop the price on its Galaxy Tab tablet by as much as $100, with an additional $60 in credits for movie rentals, very very soon. (Fortune) Sign up now to get Today in Tech emailed to you each and every morning.