In the past month or so at least 4 executives have branched out from both Google and MySpace. If you know what it’s like to work at Google you have to wonder what they are thinking. Apparently, it’s that they think they can do social networking better. Most recently, three executives from MySpace, including Amit Kapur, left MySpace to join a start up. It seems a little crazy to ditch a well paying job in this economy but you gotta do what you gotta do.

The biggest question it sparks, is just how much social networking can we take? Isn’t the social networking market pretty well saturated? Between MySpace, Facebook, Twitter, LinkedIn and many other sites what are the odds for social networking startups to succeed?

One of these start-ups is Likaholix. Started by a former Googler, Likaholix seems to be a Twitter like item for products and media. The idea is that you make suggestions for things that you like and people comment it and favorite on it. It is still in private beta, so to say it is a tad undercooked is being pretty accurate.

[Read] Total Telecom Three MySpace execs quit, including COO
[Read] Mashable Why Googlers Are Leaving to Start Social Sites