Friendster to sell for $100 million

Filed under: Internet, Google (GOOG), China, Morgan Stanley (MS), Media World, Technology

Does anyone remember Friendster? For about ten minutes seven years ago, it was the hottest thing in social networking. The site that effectively kicked off the social media movement didn't stay in vogue long, however, eventually riding a wave of user referrals to Asia. Meanwhile, MySpace, Facebook and Twitter came along, taking over the sector -- and the hype that comes with it.

Well, Friendster is worth something to somebody, it seems. The company is due to be sold at the end of the month for $100 million. The social networking service is tops in Asia, which is where more than half of its 100 million-strong user base can be found.

Continue reading Friendster to sell for $100 million

Friendster to sell for $100 million originally appeared on BloggingStocks on Sat, 05 Dec 2009 15:40:00 EST. Please see our terms for use of feeds.

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