News Corp: We’re not slacking on MySpace

Cory Bergman November 8th, 2007

Rupert Murdoch and Peter Chernin said they’re hard at work on new revenue generators for MySpace, including a self-service ad system geared toward small businesses and aggressive plans to hire new direct sales staff. They also defended accusations that Facebook is outpacing MySpace in growth with stats that show MySpace is growing 300,000 users (globally) every day compared to Facebook’s 250,000.

I don’t usually express straightforward opinions here (I usually leave that to Safran), but Facebook is out-innovating MySpace. Period. And Facebook’s dedication to the user — instead of the almighty dollar, like MySpace — will pay them dividends in the long run.