Social networking giants Facebook and MySpace have scheduled a joint press conference via webinar, reports the Seattle Post-Intelligencer, leading to speculation that the two rivals will announce a formal ceasefire.
News outlets were told of the invitation-only web conference through an e-mail. Making the announcement will be Mike Jones, CEO of MySpace, and Dan Rose, vice president of partnerships and platform marketing for Facebook.
The Seattle P-I did not believe an earth-shattering announcement will be made - such as Facebook buying MySpace - because the invitation did not include Facebook CEO Mark Zuckerberg, who has been on hand for all of the company's recent announcements.
However, the news could involve allowing MySpace users to link to their Facebook pages to share content over the two streams, reports the Telegraph of London. The publication cited unnamed sources, but speculated that MySpace will soon install Facebook Connect buttons on its site, allowing MySpace members to log in through Facebook to share content they found on MySpace.
MySpace, formerly No. 1 in the social media world, has been surpassed by Facebook in the past two years as Zuckerberg's creation has collected more than 500 million active members worldwide. MySpace, owned by Rupert Murdoch's News Corp., has only 130 million members.