Friendster and MySpace are two social networks that Facebook conquered to become number one. Facebook adapted quick to the trends, which is the reason why it became popular and profitable. It has more than half a billion active users and an upcoming IPO in 2012 that is valued at more than $100 billion.
Though Friendster and MySpace have fallen, they two social networking sites are not yet done. The two companies are looking to reinvent themselves in the hopes of a comeback.
Friendster has been the first one in the social networking scene. It was first established in 2002. If you were a user of Friendster then you have also received an email from Ganesh Kumar Bangah, CEO of MOL. The company bought Friendster from its founders for $26 million. To survive, Friendster will focus on social games. The web site now has avatars and rewards, instead of friends’ list and recommendations. Now you can sign in to the new Friendster using Facebook.
MySpace was sold by News Corp to Specific Media, which is a digital media company, for $35 million. After the purchase, more than half of MySpace’s staff was laid off. The company has Justin Timberlake fronting for them. People are wondering what Timberlake will do to bring the sexy back to MySpace.
Like Us on FB and help us Grow!!
No comments:
Post a Comment