03/16/2010 05:19 pm ET | Updated May 25, 2011

Chatroulette Faces Competition From Rival Masturbette

AUSTIN (The Borowitz Report) - Imitation may be the sincerest form of flattery, but the founder of the social networking site Chatroulette is not pleased by a new rival that was introduced to the tech world this week at South by Southwest, Masturbette.

According to a Chatroulette source, "Masturbette is doing exactly what Chatroulette is doing but being a little more up front about it."

But even as Masturbette seems poised to take the social networking world by storm, it may face a new copycat rival of its own: Whackyouyet.

"With Chatroulette, Masturbette, and now Whackyouyet, there's no doubt that this is becoming a very crowded market," said Tracy Klugian, founder of the social networking site Jackyouwet. More here.