Miley Cyrus and Justin Timberlake at the New MySpace Launch

Miley, JT, and More Accept Myspace's Friend Request

Miley, JT, and More Accept Myspace's Friend Request

Justin Timberlake stepped out for the launch of the new Myspace held at LA's El Rey Theatre last night. It was a big night for him since he is an investor in the social media platform, and had a big role in revamping the site, which now aims to support artists and the music industry. Get the detail's on Myspace's new design transformation to see if it's worth checking out. Also showing her support was Miley Cyrus, who drew attention for her interesting ensemble that included a crop top paired with a sweatpants-and-jeans combo. The event brought out plenty of other stars like Olivia Wilde, Ashley Tisdale, and Dianna Agron. Kelly Osbourne, who had her boyfriend, Matthew Mosshart, by her side, was also in attendance along with Jennifer Morrison and Vanessa Hudgens.

The festivities included a live performance by Pharrell Williams and Robin Thicke who sang their hit "Blurred Lines." Miley has forged a close bond with Pharrell since the pair have joined forces for work on her upcoming album, so it was no surprise that she joined him on stage during his performance with Robin last night. Along with accompanying him on stage, she showed support for her pal on Twitter, writing, "Big bro killed it tonight. Pharrell!" Miley may be itching to get back to performing since she also hopped on stage to do a bit of twerking during Juicy J's concert over the weekend as well.

Accompanying Miley's interesting outfit was her engagement ring, which was prominently displayed on her left hand despite speculation surrounding a budding romance between her and Justin Bieber. Rumors were ignited when she and Justin were spotted hanging out in LA recently, but Miley set the record straight on The Kane Show yesterday, saying, "I'm engaged."