Social networking hype 2.0: new social networks vendors are popping up right and left

Clever social networking-related startups with obscure taglines -- including Causecast ("Change your world, and the world will change"), Qik ("See what happens"), and Joongel ("Internet the easy way -- we have chocolate") -- line the showroom of TechCrunch50 in San Francisco. If you want to find out what these companies do, you'll have to ask the one of the beautiful people manning the tables. New social networks are being published on daily basis and new software vendors are coming to the market as well. The question that we all have is when the market is going to be saturated with too many players with the result of consolidation. That is something that we will see for sure.

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