Entrepreneurs-Journey.com

Talk about an odd couple. Social networking giant Myspace has teamed up with internet phone provider Skype to bring Voip (voice over internet protocol) service to Myspace IM users. The proposed service update would provide Myspace IM users the ability to enable voice chat.

This will bring voice chat to Myspace in a big way. Skype is the worldwide leader in Voip technology, and this pairing should provide a fantastically intuitive edge to social networking.

Earlier this week Myspace announced their API release, which would be huge for third party developers. This second big announcement could be just what Myspace needs to edge out Facebook once and for all in the social networking market. Facebook seems to be the more innovative company, but with over 80 million registered users, how could anyone not be bullied by Myspace?

This race for social networking supremacy is far from over but Facebook is rumored to have a “big announcement” coming within the next few days or weeks. Speculation would lead me to believe that the proposed 4 billion dollar partial buy-out of Facebook, may be the announcement that we are waiting for. All of this is strictly speculation at this point though. I guess we’ll have to be surprised together.

[ Add Your Comment | 6 Comments ]

About six months ago I was working with two mates here in Australia to get an aussie version of the university social networking site, Facebook.com, set up in order to beat them to this market. Unfortunately due to various personal concerns the project was closed.

A short three months later and Facebook went and opened up doors in Australia. It was always going to be tough to beat them to the market down under since they had a proven system which just needed to be replicated for Australia. We had to build the system from scratch and well, I doubt we would have had a working site in three months anyway.

I’m not entirely sure how well Facebook is doing in Australia but I know they, err, face competition. A huge Australian highschool community site, Bored of Studies, recently opened up a fairly obvious clone of Facebook called The People Album and I expect with access to their substantially sized established community will have a healthy jump on Facebook.

Despite the potential issues down under things are looking pretty good for Facebook. In the last week there’s been a bit of buzz circulating about the site having recently turned down a $750 million dollar offer and instead looking for a buyer willing to spend $2 billion. That’s for a company started two years ago. Not bad growth, eh.

[ Add Your Comment | 8 Comments ]