The new head of MySpace told the Financial Times that his company is no longer interested in chasing Facebook in the social network world. Owen Van Natta, who used to work for Facebook, said, “Facebook is not our competition. We’re very focused on a different space.” MySpace has 100 million users to Facebook's 300 million. Van Natta said the company intends to focus on its status as an online music destination. The company has inked a deal with Apple to allow users to buy music through iTunes without leaving MySpace's site.
Read it at Financial Times
