Facebook, iTunes team to take on MySpace?

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Rumors are spreading around the web that the popular social networking site Facebook is teaming up with Apple to create an artist platform that will compete with MySpace, while giving Apple another venue to sell its music.

The platform will reportedly let bands and labels create artists pages, and allow various widgets to be embedded for music promotion, organizing events, and more. Among those widgets would be iLike, the most popular app inside Facebook, but will also include iTunes widgets for listening to 30-second song samples, and eventually allowing users to buy music through Apple. The move squarely takes on MySpace, not iTunes as earlier rumors said. However, the plan is yet to be confirmed by any of the two parties involved.

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