Yes and no.

While cloning a service in a different geographical area may be profitable and successful on the short term, it's never going to be a Facebook or a Google on a global scale. It's like opening up an Italian restaurant in a small little town that doesn't have an Olive Garden yet.

If that's the kind of business you want to be in that's fine, but it's not the high-growth kind of startup that many of us are trying to build.

It's "just" a cash cow.