If we had the time, energy, we'd go rustle up the latest figures for MySpace's membership numbers and report they've added another 5 million users in the last 12 seconds. Let's just all agree that their user base is huge, shall we?

And there's at least one party out there in jealous agreement: Reuters. But don't worry, they're not going to get all Sumner Redstone on us and fire a top exec for failing to snap up the social networking site. Instead, they're going to launch their own.

But it won't be for 12-year-old girls. Or 46-year-old men chasing 12-year-old girls.

Unless those 46-year-old men have a portfolio with JP Morgan.

Reuters' plan is to launch a finance-based MySpace, sometime within the next year. But as CEO Tom Glocer explains, "It won't have the latest hot videos and the 'why I am into Metallica and the Arctic Monkeys' blogs. Instead we are going to give our financial services users the ability to post their research or if they are traders, their trading models."

And also, only Reuters subscribers can play:

"People don't want to have 100 friend requests from teenage girls in Florida if they are trading the credit derivatives market, but they probably are interested in being able to share research," said Mr Glocer.

And besides, it not like said credit derivatives traders can't have MySpace open in another browser window, chasing down innoc3ntk11ty_4 while they check on aluminum's futures.