Facebook bought the entire Friendster portfolio of social networking patents earlier this year. The company bought the patents from Friendster acquirer MOL in a deal that included advertising,a partnership for payments for virtual goods and cash, and was valued at $40 million. Read More »
Tech
Friendster’s long startup saga is over: Malaysian payment company Mol Global has agreed to buy it for an undisclosed amount. Mol recently became the payments provider for the social networking site, which claims 115 million users and reportedly sees 90 percent of its traffic from Asia. Read More »
Friendster has managed to survive as an independent company for seven years, but a sale of the social network to a buyer from Asia (where the site has become quite popular, especially in the Philippines) is imminent, according to a report by Reuters. The company is… Read More »
Editor’s Note: This is the latest installment in Larry Chiang’s series on “What They Don’t Teach You At Stanford Business School.” (He’s turning it into a book.) What could founders do with “Man-Charm,” you ask? Answers Larry: “Founders can use man-to-man… Read More »
