Saw a few interesting videos today regarding the social networking industry.

For starters, Google has apparently giving up on official creating their own social networking platform, scoring another victory for Facebook over Google. Watch it here.

Also, MySpace, via a video from their CEO, has basically raised a white flag and declared themselves to no longer be Facebook’s direct rival.  Since they have lost far too much ground against their Silicon Valley counterpart over the past 5-6 years, MySpace is now focusing more on its music content and being a hub for users to hear recording artists (established and new). Watch that video here.

So that means Facebook has no competition in the social network arena. Is that a good thing or bad thing? Monopolies breed dictators and complacency, so I do hope that someone rises to challenge Facebook’s supremacy. Plus, competition is always beneficial to us, the consumer. Should be interesting to see how this all pans out.