A former executive of Facebook will replace MySpace co-founder Chris DeWolfe as CEO.
Wired PR News – A former Facebook executive will soon become the new Chief Executive of MySpace. As reported by the Associated Press (AP), Owen Van Natta will replace MySpace co-founder Chris DeWolfe, who stepped down Wednesday, as CEO immediately.
As noted by the AP, MySpace is deemed the largest social network in the country; however, Facebook has millions more users across the globe. Executives are seeking to bolster the site’s popularity.
Charlene Li, Altimeter Group founder and technology analyst, is quoted in the report as stating of the change, “MySpace has a very interesting product and a loyal user base” however, in regards to technological improvements or updates they have remained relatively dormant. “Owen is coming from Facebook and the history they have with being much more technologically innovative than MySpace.”