At the huge CES event in Las Vegas yesterday Yahoo revealed further information about their next step into social networks. Michael Arrington has a good overview: Here Comes Yahoo Live, I Mean Yahoo Life. Basically it’s some kind of mashup between Yahoo Mail and Maps with some third-party widget exposure/access built in.
The problem for Yahoo, as far as I can tell, is that piecemeal things like this are simply not comprehensive enough for anyone to really take them seriously. Yahoo already has a lot of great elements that it could leverage into a social media strategy, and the fact that they aren’t even at the table (as far as anyone can tell) indicates simply that Yahoo is either a) hedging their bets far more than they should, or b) too siloed an organization to pull its own pieces together effectively. Either way, they won’t likely achieve a whole lot until they solve one problem or the other.
In other words, Flickr is smaller than Facebook and MySpace, but nevertheless it is still one of the best-of-breed social networks on the web, and until Yahoo can demonstrate that it can (and will) marshal its own properties, their social network strategy is likely to be a disappointment.