There is no denying to the fact that the social network, Facebook is one of the most powerful tools in the industry today and after recognizing the same, MySpace has recently said that it is making possible for its users to carry over their likes and interests from their Facebook profile to their MySpace page.

It is to be mentioned here that MySpace was once the largest social network but has not been able to revive its fortunes after the entry of names like Orkut and Facebook.

In fact, the efforts made by the management to take the company back on the skies via a major redesign of the site around entertainment, creating a place where people can get information on, share, and discuss celebrities, music, movies, and TV hasn't been able to make a huge mark in target segment.

Experts are of a view that MySpace ceded to Facebook the job of providing a place for people to discuss and share the latest happening in their lives in the process of doing this. It is believed that MySpace will be largely benefited from this deal.