Chris Thilk writes at AdJab about the proliferation of corporate attempts to create online social networking sites. I am in complete agreement with him - this is just silly. People are using MySpace and YouTube because they are easy to use, do what they want, and everyone else they know is using them. Why in the world would anybody decide to go to Wal-Mart's social networking website? I just can't see this working.
Joseph Jaffe also wrote on this topic in the last week and provides 10 reasons why all the YouTube imitators will fail.