In a competitive niche, MySpace is late with its offer. Nevertheless, MySpace is offering video uploads:
“MySpace yesterday announced that it would allow users to finally upload videos directly to the site. According to the company, users can hook up a camcorder, go to MySpace TV, and click the “Record” button to record a video to the site on-the-fly.”
MySpace no longer has dominance in the social network category. The predominant social network is now Facebook. And competition in increasing with services like Twitter and Yammer. MySpace not only faces the problem of growing its network. MySpace has to be innovative and keep the users it has.