Only a few weeks after it was announced they were giving up on Yahoo! 360, it’s reported Yahoo! is launching “MyM”, a new, self-described “social messaging” service. Currently in private beta, MyM is a web based portal for accessing multiple instant messaging and social media sites in one place. Valleywag.com is reporting that Yahoo! insiders are saying that MyM is far from ready and many are concerned that the sites Yahoo! wants to access through the service will block MyM since Yahoo! is a social media competitor. Is Yahoo! grasping at straws and stretching themselves too far? Come on Microsoft, buy Yahoo! and end the pain.