If this bit of information is anything to go by, the social networking bubble is either bordering on the edge of being ridiculous, or Yahoo might be on to something.
Yahoo are looking a little stagnant, and a switch to social media might create the largest social network overnight. On the other hand, if implemented poorly, Yahoo will keep going down the drain. With 500 million active users compared to MySpace’s 110m and Facebook’s 60m, Yahoo will automatically get the largest userbase in no time at all.
This represents the first time a major force is switching to the social format rather than experimenting with smaller projects like Orkut or the now dysfunctional MyWallop. Open application development is also on offer, so this might as well become much bigger than Facebook or MySpace, if they do it right!
Tags: Facebook, microsoft, social networking, yahoo!