Many parents are worried about their teenage children obsessively spending all their time on MySpace and other social networks. Not Ashley Qualls's mother — even though her 17-year-old daughter has gotten so involved with MySpace she dropped out of high school. Qualls has parlayed her MySpace designs into an ad-supported business worth millions of dollars. Her website, Whateverlife.com, has seven million unique visitors a month. The teenager has bought her family a new home and hired her mom.

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