Yahoo decided to scrap its social networking venture “Yahoo Mash” abruptly.

Social Networking will not be limited solely to a pc browser as BigAdda.com can now be accessed via mobile phones.

The paradigm shift from the internet to mobiles is already underway. MySpace has announced that it will make its application available to users on iPhones. The application will be marketed through Apple’s application stores.

Social networking is going to be the next big wave. MySpace was officially launched