Archive for the 'Social Networking' Category

The Evolution of Social Networking.

Friday, April 7th, 2006

So over the last few months you have heard probably heard about the sale of MySpace, and the potential Facebook deal for hundreds of millions. How did thisÂ? happen and were is it all going? Lets call a spade a spade; in the earily 2000’s, dating sites were all the rage, raking in more money than porn. Cashing in big were Yahoo!, eHarmony, Lavalife and Match.com. Matchmaking was big business but it wasent long before everyone and their dog had a matchmaking site. The powers that be also knew it was a tough to market online dating to teens, and a need to develop new products for a different martket was required.

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Facebook

Monday, April 3rd, 2006

So we’re probably a little behind everyone else posting about this, but the buzz around the sale of Facebook is amazing. The idea thatÂ? Facebook is looking to be purchased for $2B just doesn’t seem logical. MySpace.com obviously set the bar, but the site generates more traffic, has an obvious niche (music), and sold for about $590M. The next “big thing” is obviously going to sell for more, and Facebook could be a good fit for the right company with its student userbaseÂ? - in BusinessweekÂ? Viacom is being suggested as a possible purchaser. The article suggests that Facebook is the seventh-most heavily trafficked site on the Internet according to comScore, although the people at AlexaÂ? seem to have different numbers. Whatever happens, it’ll be interesting to see how this might affect other similar websites, like Friendster, another site that is rumoured to be up for sale.