MyBlogLog was acquired by Yahoo! to add to their other recent acquisitions in social communities (flickr and del.icio.us).
Loren Baker at Search Engine Journal recently wrote a very good piece on it an I would like to share part of her description with you:
What is MyBlogLog?
MyBlogLog is a hybrid between a blog analytics solution and a social networking environment which has recently swept the blogging world by storm. A ‘MySpace for bloggers’, MyBlogLog lets registered members congregate around communities set up by those members or the blog owners themselves.
Danny Sullivan also wrote a great piece over at Search Engine Land.
Others have already started exploiting the Social Tagging Portal.
So, I guess it comes down to, why should I care?
It strengthens the idea that Yahoo is moving into a more social network. If you are in business, relationships are important and relationships built in a social environment, typically, are stronger than those when the two parties have no exposure to one another. For everyone else, it is a way of networking with other people with the same or comparable interests.
SEO implications are that you can engage with others that may never have heard of you, pick up a few readers here and there and might even lead to some links. This can also give new insight into user behavior, they are watching you, and a new topic on the horizon, Social “TrustRank.” SEObytheSea has a few posts on the subject, check here, here and here.
What are your thoughts? Feel free to leave me your feedback.