Comments on: $100M for Friendster After All These Years?

By: Mol Global Buddies Up With Friendster – GigaOM

Mol Global Buddies Up With Friendster – GigaOM — Thu, 10 Dec 2009 05:35:51 +0000

[...] Friendster says it has 115 users, and 90 percent of its traffic reportedly comes from Asia. It was reported last week that a potential acquisition of the site would be worth in excess of $100 million, but [...]

By: Max Dunn

Max Dunn — Sat, 05 Dec 2009 09:39:19 +0000

Oh man, Friendster is a graveyard! $100 million, they should HURRY and take that... about a year ago, most Filipino friendster users discovered FaceBook, and the game is all but over. There are still maybe 50% of the users sitting there, but it is all about critical mass.

I witnessed this with my wife, who was devout with her friendster account and her Yahoo IM, but gradually saw friends just stop showing up, one by one. She had no interest in moving to FaceBook, she didn't like the interface, there was no reason to move. Yet pure fact, her friends were gone, led her to FaceBook, and once she finally made the switch, she was elated. They were all there, and those that were uninformed or are die-hards are coming over one by one. It also unified social networking and chat. In the Filipino world, FaceBook has killed both Friendster and Yahoo IM.

I don't like to see a monopoly kill independents, but with social networks there is an inevitable force of critical mass. FaceBook is leading, Friendster will have to re-invent itself to survive, whoever buys it.

By: Liz Gannes

Liz Gannes — Fri, 04 Dec 2009 20:33:42 +0000

Thanks Joseph, I believe that was an errant copy-paste. Will fix!

By: Joseph Yen

Joseph Yen — Fri, 04 Dec 2009 20:04:28 +0000

There may be an issue with the link 'according to a report by Reuters'. It's pointing to a press release from Friendster that does not mention an acquisition.