Myspace to jump on the Facebook bandwagon
The terse wording has prompted speculation over what the two companies might announce. The London Telegraph, for instance, cited rumors that MySpace will launch a Facebook Connect button across its site, letting people use their Facebook accounts to access MySpace. Jones reportedly admitted to the Telegraph last week that MySpace is no longer thought of as a social network, having given up its once dominant role to Facebook.
Myspace usage has been on a steady decline in the past several months. This is do in large part to Facebook's success. Myspace's parent company has said:
The current losses are not acceptable or sustainable. Our current management did not create these losses but they know we have to address them.
They go on to say that their traffic has been on a steady and steep decline and that they are in serious financial trouble. This makes me wonder how many of the other older social networks are going to cave under the pressure from Facebook.
Do you think we will see Myspace fall silently to the wayside in the near future? Who knows maybe Facebook will buy them out and change the name to MyFace...
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