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Social Networking Internet Acquisitions soaring

The newest internet game, dubbed "social networking" is creating a mini acquisition spree as the big players grab on the the technologies to move into this space. Some of the leaders like myspace are seeing the likes of Google and Yahoo move in. Yahoo's completed acquisition of Flickr.com gives the company a property that directly integrates into the Blogger property owned by Google. Flickr is a service that I use regularly. We shall have to see if the relationship with Google continues however. On a note, my usage of myspace to promote my other web properties leads me to believe that about 30% of profiles (if not more) are phony or duplicates. The page views this company generates do not really reflect the number of eyeballs out there. And the "type" of web surfer on that service doesn't convince me as a heavy purchaser anyway. Those are my personal thoughts.

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