San Francisco - News Corp.'s (NYSE: NWS) MySpace has launched a localized site in Brazil, where Google's Orkut is the most popular online social network, CNET News.com reported. The site is MySpace's twentieth regional version, and already includes profiles from some 55,000 bands. Meanwhile, over 55% of Orkut's nearly 70 million members cite Brazil as their location.

Mountain View, Calif. - Google (NSDQ: GOOG) is set to launch OpenSocial, a platform for developing social applications that can run across all social networks and websites.