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Founded in August 2003, MySpace would go on to be the most-visited social networking site in the world from 2005 until early 2008.

A lot of people have put their lives online and are using MySpace to manage their social lives.

I had 60,000 friends on MySpace.

When I started out in Facebook, it had only 20 people. I saw it grow to a thousand employees and from five million users to over a billion users. I saw it evolve from a service that served college students to one that served the world.

The problem with Myspace was always that it was never as strong a product as it needed to be. It left itself vulnerable to competition. It was only a matter of time before someone created something better.

I remember when MySpace came out. It did do something pretty incredible - which was unite people around the world with common interests and common tastes.

We have 2 million users in the U.S. and about 13 million worldwide in more than 200 countries.

The main Facebook usage is so big. About 20 percent of the time people spend on their phone is on Facebook.

Facebook is not a physical country, but with 900 million users, its 'population' comes third after China and India. It may not be able to tax or jail its inhabitants, but its executives, programmers, and engineers do exercise a form of governance over people's online activities and identities.

I joined MySpace in September 2003. At that time no one was on there at all. I felt like a loser while all the cool kids were at some other school. So I mass e-mailed between 30,000 and 50,000 people and told them to come over. Everybody joined overnight.