MySpace has tapped a former FaceBook executive as their new chief executive. Owen Van Natta, 39, will replace Chris DeWolfe, one of the co-founders of MySpace, who stepped down (forced out) as chief executive. While MySpace is still the largest social network in the United States, it has only 130 million users worldwide, compared with more than 200 million for Facebook. The good news for MySpace it make three times the revenue of FaceBook, through a partnership with Google. Van Netta spend about three years as chief operating officer and then as chief revenue officer, at FaceBook he had a history of being much more technologically innovative which could be the direction MySpace needs. Van Natta will report to Jonathan Miller, News Corp.’s chief digital officer, who was named to the post April 1 and has made a name for himself already. We wonder if the next shoe to drop is on the other co-founder of MySpace Tom Anderson is his exit next?