UPDATED 12:56 EDT / MARCH 04 2009

MySpace Lose 3 Top Execs, and the World Gains A New Startup

The news came out late yesterday about MySpace’s COO Amit Kapur stepping down and taking with him 2 other high level executives, Jim Benedetto, Senior Vice President of Technology and Steve Pearman, Senior Vice President of Product Strategy.

I first read the breaking story via BoomTown, other writers have had a chance to do a quick write up of the facts. The memo itself was leaked to Valleywag, and it also appeared here.

This morning, Mike chimed in with his thoughts. While most of his post centered on the opinion of "MySpace is bound for a big fall", he did get it right at the end of his post.

But the result is the same. And good news comes out of this – all of these talented execs and engineers will start and grow new companies, and the cycle continues.

image The current speculation is that Facebook is going to zoom by MySpace. That could easily happen, but probably not without a privacy war coming soon with the way they are using data they already have on their users to build an ad network social network.

What I believe will be the most interesting item to come out of this news from less than 24 hours ago is the impending joy of seeing something really special again. We are all going to be wowed once again by a new company with the potential to be something really special.

Do you feel that lightning can strike twice for these three guys with a new company? Leave us your thoughts here or be opinionated with us via twitter: siliconANGLE, John Furrier, Mark "Rizzn" Hopkins, Rex Dixon.

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