MySpace joins Google OpenSocial's sponsors

This Thursday Google announced that social networking giant MySpace will be joining the supporters of their new OpenSocial API. This makes OpenSocial into a very serious threat to Facebook, who just opened their platform to developers recently.

"OpenSocial is going to become the de facto standard (for developers) instantly out of the gates. It is going to have a reach of 200 million users, which is way bigger than anything else out there," Chris DeWolfe, chief executive and co-founder of MySpace, told reporters.

Google lost out to Microsoft last week in a bid to invest in Facebook, but now they look like having something even bigger than MySpace and Facebook combined. When OpenSocial goes live early Friday morning, it's going to be the biggest thing in social networking since Facebook was launched earlier this year. Not only will this new platform give Google a huge boost in the area, but OpenSocial will also allow anyone from small start-ups to big multi-million-dollar companies to use a standard programming interface to interact, store and manage about the user.

Update:As a testimony to the worldwide belief in the success of OpenSocial, Google shares surged to an all-time high of $713.72 on Nasdaq on Thursday, before closing at $703.21, down $3.79. This shows the investors' support of Google's operations, and the future looks bright for Google's latest addition to their online strategy.

Keep posted for more info on OpenSocial when it is released on Friday.