As MyBlogLog itself proclaims, “MyBlogLog is launching this new Communities service to empower authors and readers to operate at the same level.” The purpose of MyBlogLog is to provide a community for readers of the same blog. Instead of being limited to interacting with only the author of the blog (and very limited interaction with other readers through comments), MyBlogLog allows readers to interact directly with each other. MyBlogLog is an interesting concept that is expanding. As the web site continues to grow, it should also become a quality way to drive new visitors to your blog.
As Shoemoney predicted, Yahoo purchased MyBlogLog on January 9th. According to several sources familiar with the deal, Yahoo paid between ten million and twelve million for the social blogging community. According to the guys that created MyBlogLog, Yahoo’s acquisition of the web site means that it is going to pour in a ton of resources, which means that they will be able to roll out a lot of new features. Additionally, they are moving the site to Yahoo’s infrastructure, which means that the occasional slowdown will be completely removed.
Although Yahoo now owns MyBlogLog, they are not going to completely absorb the web site. Instead, they are planning to keep it a separate entity. However, you will be able to register with your Yahoo ID, and the MyBlogLog communities will be integrated with Flickr and Yahoo Answers.