On February 5th, they will release their long awaited developer platform, although they’ve yet to pinpoint a date when the widgets can be integrated into the social network. They’ve also yet to share the nuts and blots of the revenue details.
MySpace may be able to lure some developers who are concentrating on Facebook by havinga better monetezation scheme than Facebook. Also, since MySpace is signed up with Google OpenSocial, apps written for the platform will transfer easily to MySpace.
MySpace’s new COO, Amit Kapur, stressed MySpace’s “mature monetization platform” and appears to have taken to heart some of the growing pains associated with Facebook.
MySpace’s large community and dedication to monetization stills gives it a lot of social media marketing value despite Facebook’s rise.