AOL to Take on MySpace and Facebook

From TechCrunch, news that AOL may soon launch a social network site.

From the post:

"This market is red hot. Mature players like Facebook and Fox-owned Myspace basically own their respective categories, and better-featured (and funded to the hilt) newcomers like Tagworld and Tagged gunning for the big guys.

Even aging Friendster, mostly written off as living dead, has made a recent (if quiet) comeback based on Alexa stats. Fickle teenagers and young adults are quick to jump ship to the hot new thing, but these existing players will certainly not lie down for AOL."