MySpaceTV To Compete With YouTube, Facebook Continues Surge

MySpace faces competition from about a dozen, highly-relevant social networks in the incipient Web 2.0 space, and will lose if they focus their energies on competing with Facebook.  Social video networks, on the other hand, will not only become vital, they are also quickly becoming the darling of Silicon Valley investors, and Facebook will likely get there quickly due to opening up their platform. ...

As soon as social networking sites become cool, conglomerates, or stakeholders, take control and "corporatize" their strategies.  Instead of building out stems and features that innovate and enhance consumers experiences and behavior they become corporate fodder and feed the laws of diminishing returns.

It's not about video, it's about the network - social network - and keeping it updated for the users.  Not only is MySpace more cluttered and less user friendly than Facebook, it shouldn't lose focus and try to beat YouTube.

1. MySpace may be closing the gap (in some respects) with Google/YouTube     2. News Corp. understands that advertisers are looking for more than just web traffic.