Yahoo India shuts down Spotm, social network that was never launched!

Yet another blow to Yahoo’s social networking initiative – Yahoo India‘s Spotm (which was launched exactly a year back) will go off the web by September 1st! (as we speculated earlier)

This was damn quick, considering that the product was in private beta ever since the launch and was never promoted (even within the Yahoo network).

This is what the official page reads as:

“Dear SpotM User,
SpotM was a communications product that we were experimenting within India. As of September 1, 2009, we will be closing the site and it will no longer be accessible. We sincerely thank you for your participation and your valuable feedback. -The SpotM Team”

All we know is that the product won’t be missed.

But this does raises questions on Yahoo’s ability to build a social play (after all, it’s not a search player anymore).

What’s your opinion?