Scott Smigler's BlogFounder of Exclusive Concepts and Conversions On Demand

Interesting news. Everyone has been talking about when FaceBook would sell or IPO, but here they come and announce an acquisition! I had made the prediction on my blog many months ago that MySpace would eventually die at the hands of FaceBook… because FaceBook would do exactly the kinds of things that they are doing… and it looks like they are moving in the right direction. They are adding hundreds of thousands of new users per day, and their users actually USE FaceBook frequently.

MySpace will cite heavy numbers, but ask them:

1) How often their users USE the service
2) What percentage of their users are ACTIVE

Bottom line is this: Just as I predicted, MySpace is not innovating. They are moving slowly. They just don’t seem motivated.

Much as I am jealous of Mark, I respect the fact that he is not just some dumb kid who stumbled upon a great opportunity in FaceBook. Well, he did just stumble on it, but once he did, he realized what he had, and now he is building something great.