MySpace needs to continue to innovate if it is survive as a website, according to its new CEO Owen Van Natta.
Fresh from being an executive at the website's main rival Facebook, Van Natta was speaking at All Things Digital conference, where he mapped out his plans for MySpace.
"If you don't continue to innovate... people are going to shift interest elsewhere," he explained. "We need to continue to innovate a lot more rapidly than we have been."
When comparing MySpace to Facebook, Van Natta felt that his new home was the place to express yourself.
"I think they are both driving this notion of social activity on the web," he said, while adding "there's a lot of self-expression that is happening [on MySpace]. We need to seize on that."
Currently MySpace is firmly in second place when it comes to social networking websites, but it is still posting huge online traffic. Recent figures show that 6.9 million UK users visited the site last month.
But the warning signs are there, as the year before the site had around 8.4 million UK users, a drop of around 18 per cent.
Van Natta isn't too fazed with the drop in figures, and is seemingly excited with the MySpace's prospects, explaining that "there's just so much to build" on the website, but that's exactly why he took the job on.