GigaOM

[...] Fred Krueger and Evan Rifkin think, no, believe its possible, and their self-funded, six month old start-up, Tagworld will be the one to bring down the giant. However, ridiculous it may seem, the goliath has been slain before. The Facebook and MySpace came out of nowhere and lapped the early social networking leader, Friendster. The roots for Krueger and Rifkin’s ebullience can be linked to David Hornik’s theory on Social Networking 3.0. Social networks are becoming an important ingredient of all sorts of consumer experiences. Social networks inform the conversations that take place among friends on LiveJournal. Social networks enable the discovery of new music on MySpace. [...]

[...] There was word of Disney being interested in them. Staci Kramer over at PaidContent reports that Viacom had a-look-see at the company but decided to pass, after kicking the tires. The price tag for the company has been sliding, the report indicates, down from $200 million back in early 2005 to rumored $5 million. [...]

“There is a lot of interest in Friendster right now.”

Hah, hah!!