The number one social networking site Facebook is now eyeing to enter the digital music business after competitor MySpace's Music was launched last month. Facebook founder and CEO Mark Zuckerberg is on talks on song streaming providers and music community sites like Rhapsody.com, iMeem.com, iLike.com and Lala.com with a possible deal. Aside from Zuckerberg, Facebook executives are meeting with major record companies to talk about strategies.

MySpace digital music business traded equity with record companies in exchange for licenses to stream songs. On the other hand, Facebook doesn't want to do the same thing. Sources are even citing that this digital music venture of Facebook is imminent and might not even push through.

Let's just see in the near future. Well for me, I'll stick with Friendster.

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