Dr.Media says, Perez is not saying anything new here, yes we all know that social media is IT, what this is really revealing is that myspace has come up with another way to monetize its user base by creating an iTunes competitor. This in way is a return to the AOL portal idea, get them and keep them by serving all their needs, not a bad idea, it worked in the real world, see club med and shopping malls. And you can datamine across utilizations, ala Amazon, whom they mention as a possible partner, makes sense doesn’t it?

Social Networks Will Be Tomorrow’s iTunes

Written by Sarah Perez / March 19, 2008 10:41 AM