Friendster

  • Friendster Owner MOL Takes Majority Investment In Rixty, The Cash-Based Payment Platform For Games

    Friendster Owner MOL Takes Majority Investment In Rixty, The Cash-Based Payment Platform For Games

    Some consolidation afoot in the world on online payments coming at you, with a little blast from our social networking past. Rixty, a cash-based payment platform for games, virtual goods and other digital content, today received a majority-stake investment from MOL AccessPortal, the e-payment subsidiary of MOL Global, the company that bought social network Friendster in 2009 and then converted… Read More

  • From Social Network Pioneer To Yet Another Gaming Site: Friendster Reboots

    From Social Network Pioneer To Yet Another Gaming Site: Friendster Reboots

    Remember back in April when we reported that Friendster, one of the first dedicated social networking sites, was to unequivocally delete all user profiles photos, blogs, messages, groups and whatnot by May 31? This morning, Friendster relaunched as yet another social gaming portal, powered by Facebook Connect (interesting comments over at Hacker News). Read More

  • MOL Red Paperclips Its Way To A Facebook Fortune

    MOL Red Paperclips Its Way To A Facebook Fortune

    In 2005 Kyle MacDonald made a series of fourteen trades, beginning with a red paperclip and ending with a house. It took him less than a year. You all know the story. The Office did even an episode this year about the idea as well. Well, Malaysia’s MOL Global now has somewhere around over $100 million in Facebook stock at the current secondary market valuation of around $31 per share. Read More

  • Social Network Pioneer Friendster To Erase All User Photos, Blogs And More On May 31

    Social Network Pioneer Friendster To Erase All User Photos, Blogs And More On May 31

    Before MySpace and Facebook, there was Friendster, a pioneering social networking website for consumers. First launched in 2002, Friendster attracted tens of millions of users over the years, but it never quite grew into the online juggernaut it could have been. Having raised close to $50 million in venture capital, Friendster was acquired by Malaysian payments company MOL Global at the end… Read More

  • Social Networking: The Present

    Social Networking: The Present

    Editor’s note: This is the second of a three-part guest post by venture capitalist Mark Suster of GRP Partners on “Social Networking: The Past, Present, And Future.” Read Part I first. Social Networking in Web 2.0: Plaxo & LinkedIn Next began the era of “spam-based” networks of which Plaxo (founded in 2002) was the king.  Co-founded by Sean Parker (yes… Read More

  • Friendster Strikes Deal With Yahoo Southeast Asia

    Friendster Strikes Deal With Yahoo Southeast Asia

    More news from the social network Friendster. The site, which was acquired in December by Malaysian payments company MOL Global, has struck a deal with Yahoo Southeast Asia. The purpose of the deal is to integrate product features and cross-promote across both Friendster and Yahoo. Both Friendster and Yahoo stand to gain from the partnership as Friendster has a significant Asian audience and… Read More

  • Friendster Valued At Just $26.4 Million In Sale

    We’ve got more details on the Friendster acquisition announced last week. Rumors were floating that the buyer, MOL Global, paid as much as $100 million for Friendster. The real price, we’ve confirmed from multiple sources, was under $30 million. Just a few months ago, based on comparable valuations from Bebo, LinkedIn and Facebook (and taking into account Friendster’s… Read More

  • Friendster Gets A Major Makeover, Calls Other Social Networks Plain And Boring

    Friendster Gets A Major Makeover, Calls Other Social Networks Plain And Boring

    Log on to Friendster today and you’ll see a background image that says ‘Watch this face! … on December 4′. Turns out the pioneering social network is in for a major revamp tomorrow, including a new logo, tagline (“Connecting Smiles”) and an entirely fresh look. Friendster outlines some of the changes in a video (embedded below), in which it calls out… Read More

  • Friendster Partners With Intelius. Let The Scams Begin.

    I knew the glory days of Friendster were behind them, but I didn’t know things were this bad. The company is proudly announcing a partnership with Washington based people search company Intelius this evening. The goal, they say, is “to provide a more robust and comprehensive user search experience on Friendster and to power people searches originating on Friendster with results… Read More

  • Exclusive: Friendster Shopping Itself Around In Asia

    Exclusive: Friendster Shopping Itself Around In Asia

    Friendster, one of the oldest social networks, is actively looking for a buyer and has hired investment bank Morgan Stanley to find a party interested in acquiring the company or at least some of its assets. According to documents obtained exclusively by TechCrunch, it looks like Morgan Stanley is shopping Friendster around in Asia, which makes sense considering almost its entire user base… Read More

  • A Map Of Social (Network) Dominance

    A Map Of Social (Network) Dominance

    Even on the Web, world dominance must be achieved one country at a time. While Facebook has long been the largest social network in the world, and should soon pass MySpace in the U.S., it is not the largest social network in every country. The map above created by Vincenzo Cosenza resembles more a game of Risk, with Facebook sweeping across the globe from the West. Using Alexa and Google… Read More

  • Modeling The True Value Of Social Networks: 2009 Edition

    Modeling The True Value Of Social Networks: 2009 Edition

    A year ago we modeled out the true value of various social networks based on the idea that users in high-value online advertising markets like Japan, the UK and the U.S. were worth more (financially speaking) than those in lower value online advertising markets. Facebook had recently become the largest worldwide social network in terms of users, but based on our model MySpace was still by far… Read More

  • Friendster: Asia's Social Network

    Social network Friendster has over 30 million monthly visitors worldwide, says Comscore. The problem (or perhaps the opportunity) is that just 1.7 million of those visitors are in the U.S. The vast majority, nearly 28 million, are in the Asia/Pacific region. The company’s new CEO, Richard Kimber, is based in Sydney Australia. Friendster’s old San Francisco headquarters have… Read More

  • Top Social Media Sites of 2008 (Facebook Still Rising)

    Top Social Media Sites of 2008 (Facebook Still Rising)

    What were the top social media sites of 2008? ComScore came out with its worldwide traffic stats for November a few days ago (so these don’t include December). They are a mix of social networks and blogging platforms. Blogger, the orange line in the chart above, still rules the roost with an estimated 222 million unique worldwide visitors in November (up 44 percent from November, 2007). Read More

  • OpenSocial Now Reaches 350 Million Users, And Growing

    OpenSocial Now Reaches 350 Million Users, And Growing

    Six months ago, OpenSocial was nothing but a list of promised partnerships. But the social network application platform backed by Google has made a lot of progress since then as those partners started to go live with their OpenSocial Apps. First there was MySpace and Orkut, then Hi5, and most recently Friendster. All told, if you add up the various social networks that are now live with… Read More

  • Another Google Exec Departs To Run Another Social Network: Kimber To Friendster

    These social networks sure do like Google execs. Facebook hired Sheryl Sandberg, Google’s VP Global Online Sales And Operations, in March 2008. Bebo hired away Joanna Shields as President – previously she was Google’s Managing Director for Google Europe, Russia, Middle East & Africa. Now Friendster. They’ve hired Richard Kimber, who was Google’s Managing… Read More

  • Modeling The Real Market Value Of Social Networks

    Modeling The Real Market Value Of Social Networks

    Is MySpace worth $3 billion, or $20 billion? It depends on how you value a user. It’s time to start comparing the big global social networks on something other than unique visitors and page views. I believe an effective way to value a particular user is based on the average Internet advertising spend per person in the country they live in. The higher the spend, the more value the… Read More

  • Facebook Blows Past MySpace In Global Visitors For May

    Facebook Blows Past MySpace In Global Visitors For May


    In April, Facebook caught up to MySpace in worldwide unique visitors (actually nudging past it with 116.4 million unique visitors versus 115.7 million for MySpace). Now the worldwide comScore numbers are out for May and Facebook continues to blow past MySpace with 123.9 million uniques (up 6 percent), versus 114.6 million for MySpace (down 1 percent). Facebook also boasted more… Read More

  • Facebook Is Blocking Ads From MySpace, Friendster, Hi5, Orkut . . . and 3Jam?

    Facebook Is Blocking Ads From MySpace, Friendster, Hi5, Orkut . . . and 3Jam?

    If you try to buy an ad on Facebook, there are certain words that are taboo. Any ads that contain four-letter words are automatically blocked. So too are ads with the names of competing social networks “MySpace,” “Friendster,” “Hi5,” , or “Orkut.” (Curiously, “Bebo” and “OpenSocial” go through just fine, as does… Read More

  • Fubar Grows Over 3 Million Percent In A Year

    Fubar Grows Over 3 Million Percent In A Year

    New social network traffic figures released by Compete show that Fubar, billed as the “first online bar and happy hour” is the fastest growing social network, having increased its traffic by 3,272,217% over the 12 months to the end of February 2008, placing the network at 14th on the list of top 20 social networking sites (chart as shown). Year on year MySpace hasn’t grown… Read More