Google lures MySpace for Social Network Platform
Posted on Fri, 2 Nov 2007 01:59:35 CDT | by Luigi Lugmayr
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By Amanda Beck
MOUNTAIN VIEW, California (Reuters) - Google Inc has lured MySpace, the world's
largest online social network, to its system courting independent software
developers, raising its challenge to fast-growing Facebook.
Web search leader Google said on Thursday that MySpace will join its OpenSocial
platform that allows developers to write programs across multiple social sites
using one set of tools.
The tools, which will become available early Friday on the Web, will eliminate
the need for small start-ups or even one-person shops to customize their
programs for each site.
"OpenSocial is going to become the de facto standard (for developers) instantly
out of the gates. It is going to have a reach of 200 million users, which is way
bigger than anything else out there," Chris DeWolfe, chief executive and
co-founder of MySpace, told reporters.
Google unveiled the system earlier this week and said it has already lured some
of the biggest developers aligned with Facebook, which opened its site to
outside applications in May in a move that has helped boost its user base to
more than 48 million people.
Developers have created interactive programs that let users rank their friends,
wage virtual food fights or compare and recommend music. Some of the
applications are now used by millions of people and are already being sought out
by advertisers.
"The Web has moved to its next stage," said Google CEO Eric Schmidt. "We always
knew that the Web would be significantly social. We also always knew that it
would be standard, open, and extensive, which is what this combination and the
other activities today are showing."
Google and MySpace said they had been working together on the project for more
than a year. News Corp-owned MySpace has some 110 million users worldwide and
already relies on Google to provide search functions for its site.
Google unveiled OpenSocial earlier this week and disclosed that social networks
such as LinkedIn and Friendster joined the program as well as some of the
biggest independent developers on Facebook, including Slide and iLike.
Google lost out to rival Microsoft Corp last week, when the software maker took
a minority stake in privately held Facebook and shored up its position as the
site's advertising delivery partner.
But that has not cooled investor enthusiasm for Google, based on the expectation
it will succeed in extending its dominant technology for selling ads tied to
search listings to many new platforms -- from mobile phones to television.
Google shares surged to an all-time high of $713.72 on Nasdaq on Thursday,
before closing at $703.21, down $3.79.
Facebook, now valued at $15 billion with the Microsoft deal, is due to unveil an
advertising platform at an event in New York next week.
Google executives said the company had also reached out to Facebook, and
hundreds of other sites, about joining its OpenSocial platform. Facebook
representatives had no immediate comment.
(Reporting by Amanda Beck; writing by Michele Gershberg in New York)
© Copyright 2007 Reuters.
Posted on Fri, 2 Nov 2007 01:59:35 CDT | by Luigi Lugmayr
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