Why social networking?

Orkut, Friendster, Dodgeball ... what's the point of these social networks? They are only "cool" when you're the first one there, and only useful when everyone is there. But once everyone is there, it is obviously not cool. Ah, vicious. Still, given that failure is thus ensured, I know I want to be the first one there.

Other failures I predicted: Spreadsheets (massive miss), every web company (pretty close), Tivo (doh!), all of mankind (jury's still out).

Listening to "Would?" by Alice in Chains from the album Unplugged