I’m sure at this point, no one is really thinking, “you know what we need? MORE social media!” But, what about a revival? Because Myspace may be poised for a comeback. Chris and Tim Vanderhook, the brothers who purchased the platform from News Corp via their company Specific Media (now part of Viant Technology), have confirmed that they're actively planning to relaunch the iconic social network.

Speaking in Tommy Avallone’s new documentary about the site’s history, Chris stated, “We still own Myspace. We are stewards of the Myspace brand at this point, and we are going to relaunch Myspace,” noting that “we’re just waiting for the right time to do it. And if that one doesn’t work, we’ll do it again.” How’s that for optimism?

Co-founded in 2003 by Tom Anderson and Chris DeWolfe, the platform is remembered for its quirky interface, customizable profiles, glittering layout, and everyone’s first friend “Tom.” My fellow Millennials may feel a pang of nostalgia at the news of the simple social media site’s planned revival, but analysts caution that the once-dominant platform faces long odds in an overcrowded market dominated by algorithm-driven feeds and short attention spans. Once the most popular social media website in the world, with 115 million visitors per month in 2008, it was quickly overtaken by Facebook and became a relic of the Y2K era.

The Vanderhook brothers attempted to “modernize” the platform by building an “entirely new Myspace.” Still, with a revolving door of owners and the loss of advertisers to Facebook, the platform struggled. “It just became an onslaught of losses,” Tim Vanderhook said in the documentary. “We lost a little over $150 million,” Chris Vanderhook added. They didn’t outline a clear timeline for rollout.

Writing in Inc., one marketer says that there’s the thing nobody says out loud. The reason people are drifting back to a 20-year-old website isn’t really nostalgia. Nostalgia is the excuse. The real reason is that the old model gave you something the new one quietly took away: a direct line to your people. Back then, if somebody added you, they saw your stuff. Period. And that might be even more valuable now, right?

Israeli Prime Minister Benjamin Netanyahu told his Cabinet on Sunday that “Israel rejects the 15-point document”, the Gaza roadmap offered by Trump’s Board of Peace, and added that Israeli forces will not carry out any withdrawal until Hamas is genuinely disarmed, not “fictitious” disarmament. “We know how to stand firm against these things,” he threw in for good measure.

The plan had envisioned disarmament and withdrawal as a phased, parallel process. Trump announced in late July that the Board had reached a "HISTORIC agreement" for Hamas's complete disarmament. But a senior Hamas official previously told NPR that the group would only hand over their weapons if Israel withdrew from parts of Gaza first.

Trump administration officials had hoped the deal could break nearly a year of deadlock in the devastated Gaza Strip. However, Netanyahu said talks with U.S. officials will continue: “They have ideas; some of them are acceptable to us and some are not.” This, of course, is a public break with Trump’s signature diplomatic claim. And Netanyahu faces Israeli elections this fall, with polls showing his coalition at risk, so there’s still a lot of uncertainty hanging over this deal.

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A summer hiring slump dogged the labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released by the Bureau of Labor Statistics. The unemployment rate dropped to 4.1% from 4.2%, falling far short of economists’ expectations for a 95,000-job gain.

Keep in mind, it’s always cautioned that one month does not make a trend, and initial economic data snapshots are rarely that clean cut—especially post-pandemic and especially during periods of high uncertainty. But the data comes against a complicated economic backdrop. The U.S. war with Iran continues without any kind of agreement to fully reopen the Strait of Hormuz. As a result, energy prices remain elevated, even if they are off their highest levels of the year.

Also falling short? The change in workers’ average hourly earnings. Wage growth was 0.1% from June, or 3.2% from one year ago. That’s also below inflation, which was 3.5% in its most recent reading. “That’s the number that many Americans are focused on right now,” Heather Long, chief economist at Navy Federal Credit Union, told NBC News. Long pointed out that 3.2% was the lowest wage growth has been in five years. “At the same time, inflation is heating back up again.”