Facebook and MySpace were neck and neck competitors for years, but with yesterday's announcement, Mark Zuckerberg became the clear victor of this round of social. Here's how Facebook did it.
By Kevin Kelleher, contributor
In six fast years, Facebook has grown from startup into a billion dollar enterprise. Estimates for Facebook's revenue range from $1.2 billion to $2 billion this year. Jim Friedland, a Cowan & Co. analyst whose 2010 estimate sees $1.75 billion, is calling for $3.2 billion in 2011. If any further sign of Mark Zuckerberg's dominance in the social space is needed, it came yesterday when MySpace announced it was more or less integrating itself into Facebook's login and social tools. At this moment in time, it's safe to say social networking is Facebook. More
MySpace CEO Mike Jones announces profile data sharing and login via Facebook. And yes, there are Like buttons.
On Thursday, Facebook and MySpace announced "Mashup with Facebook," a new partnered product that lets MySpace users with Facebook accounts port their Facebook interests and likes into their MySpace profiles, allowing for personalized MySpace media streams.
"MySpace is very committed to this new direction social entertainment," said MySpace CEO Mike Jones during the announcement. MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.95 | -0.16 | -1.97% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
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| Dow | 12,938.67 | -27.02 | -0.21% |
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| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.00 | -0.04 | -1.96% |
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