Breaking News

Goodbye to Friendster?

Are we seeing the last days of Friendster? This came about as news of the sale of Friendster to a new owner. The pioneer social networking company was sold at US$100 Million which is lower than its estimated value of US$200+ Million in July 2009.

Friendster had been in steady decline. It was in fact very distant compared to Facebook who is now valued at US$10 Billion.

Looking at Friendster it seems to have a younger appeal which might be an indication of rebranding and restructuring of its target. Whatever the changes are it is expected to be for the best of the users (I hope).

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