MySpace to offer spyware for parents

mrspin writes: Following continuing pressure from politicians (and parts of the media), MySpace is planning to offer parents the chance to download software which will monitor aspects of their children's activities on the social networking site. From a business point of view, the move appears to be a highly risky one. The young users of social networking sites are notorious for their lack of loyalty — and history suggests that a change like this could tempt many to abandon MySpace for the 'next cool thing'.