The social networking giant MySpace plans will launch a beta version of its video site to go head-to-head against YouTube. According to MySpace, when YouTube first launched MySpace was it’s largest source of traffic mainly because of embedded YouTube videos on MySpace pages. Now MySpace plans to get into the user generated video market full on. As the GM of Video at MySpace Jeff Berman said:
“This is the next step in the evolution of video on MySpace. This is just the tip of the iceberg.”
It looks like the MySpace and Google war is picking up steam.