"It's a great time to work in the mobile space, and we have seen 450% year over year growth in mobile [subscribers]. The time of the mobile Internet is now."

Faith didn't say how many users are connected to MySpace Mobile, but he did predict that half the traffic on MySpace with be from mobile devices in the next two years.

Of the top 25 mobile devices contacting and using MySpace, 11 are smartphones, nine are smartphone-like devices with QWERTY keyboards, one is a gaming console and four are multimedia- and music-capable phones.