Yahoo! enters the social networking fray

Yahoo! has revealed its new social networking service, Yahoo! 360, to selected "influencers." Accounts can be found here and on Many-to-Many. Burham's Beat also writes about 360's impact on Friendster. It's looking more and more likely that Friendster will end up being a one-hit-wonder. MySpace and thefacebook.com have already stripped away the younger user base, and now Yahoo! will likely take away many of the older, less tech-savvy users. Yet as crowded as this social networking space is, the web is still not nearly as socially based as it potentially could be. I think that there are still many opportunities remaing, and I hope to take advantage of them.