They are planning on having a social network platform? Really?There is somewhat a great difficulty in establishing the competitors' information but if they intend to enter that market, they should study about it, especially since social networking industry giants are just too big.
That`s right a lot of competitors right now especially in the online community, it needs more popularity to gain more supporters that can actually help this project more efficient, because this project is just at the starting line and maybe they encountered so many project that is more advantage. I hope this project will run for long and become successful also.