Capiel said he hasn't heard many complaints about platform technical issues in his discussions with developers. "If I'd been at this job six months ago, I would have gotten more questions from developers about the stability of the platform," he said.

Capiel, who has a bachelor of science from MIT and an MBA from Stanford, has been on the other side. Before taking the MySpace job, he founded Gydget, which developed a social marketing application deployed at MySpace and other sites.

"We're pretty careful and methodical about how we implement changes to the site, so our developers probably sleep better at night instead of worrying that we're going to massively change our site from one day to the other," Capiel said.

So far, the platform has been a hit with games developers, which makes sense considering that MySpace is a social network heavily focused on music, photos, videos and entertainment in general, Capiel said.

Capiel also highlights the platform's support for Flash and Silverlight, the ability for developers to profit not only from advertising but also from selling virtual goods, and MySpace's decision to maintain applications on profile home pages, unlike Facebook, which moved them to a separate tab.