Malaysian tycoon buys networking site Friendster


Most of us, if not all, have been members of FRIENDSTER. This item (taken from a news report) may shed light on why it has a new formatting scheme.

KUALA LUMPUR (AP) — Malaysian tycoon Vincent Tan announced a deal to buy Friendster, a social networking site that still retains a strong following in Southeast Asia after losing in global popularity to Facebook and MySpace.

Tan’s online payment systems business will buy 100 percent of Friendster through an affiliate company, according to a joint statement Thursday.

The two companies will be combined so Tan’s business empire can sell content such as games, movies, music and other products to Friendster’s 115 million members, using his company’s electronic payments system. Tan’s businesses include retail franchises in Southeast Asia such as Starbucks, 7-Eleven, Borders, Krispy Kreme, and Wendy’s.

The price for Friendster wasn’t disclosed but the combined entity will have annual revenue of about $110 million.

“We are creating a unique company that will be well positioned to provide content to a huge, regional user base here in Southeast Asia,” the statement said.

Launched in 2003, Friendster was among the first to establish online social networking as a hot trend. It soon faded in popularity, however, as Web users migrated to newer sites such as MySpace.com and Facebook.com.

Facebook is the world’s second most popular Web site, attracting almost 29 percent of Internet users, according to Web traffic monitor Alexa.com.

In contrast, only 0.4 percent of Internet users are visiting Friendster, ranking it the 164th most popular site globally.

Despite its demise in the U.S., Friendster has managed to build a strong following in Asia, particularly in the Philippines, Indonesia and Malaysia. The three countries account for almost 60 percent of its users.

Friendster Chief Executive Richard Kimber said about 90 million of the site’s members are Asians and described the merger as an “industry-changing event.”


Associated Press Writer Tomoko A. Hosaka in Tokyo contributed to this report.



Share this to your profile
                 To view or post comment, please click here


9 comments on “Malaysian tycoon buys networking site Friendster

  1. Hi there. I was just wondering why its such a big thing these days to have a ridiculous amount of ram in a computer? People tell me that the more Ram you have in your computer the faster your computer will be. I always thought that it was the processor that controls the speed of a computer and not the Ram.. . I had 512MB of Ram in my laptop and I have now changed it to 2Gigs of Ram and I’ve seen no difference in performance what so ever. . Could somebody please explain to me what does Ram does exactly?. Thanks in advance.

    Like

  2. I blog often and I truly appreciate your content. This great article has really peaked my interest. I will take a note of your website and keep checking for new details about once per week. I subscribed to your RSS feed too.

    Like

  3. Hello!

    Kaya pala gumanda ang format ng friendster. Bago yung overhaul, naisipan ko nang idelete yung account ko dun, hehe. Yung format medyo pang-teenager ang dating, pero okay lang, makulay.

    Btw, may mga katanungang kailangang harapin ang Facebook ngayon patungkol sa isyu ng privacy… tamang tama ang isyu para lalong magbalikan sa Friendster ang mga na-adik sa Farmville, hehe. 🙂

    Hanggang sa muli. Binabati kita sa iyong napakagandang blog. 🙂

    God bless.

    Liked by 1 person

    • Totoong pang-teenager ang dating ng bagong format ng Friendster.

      Tungkol naman sa Facebook, hindi lang ang tungkol sa privacy ng users ang dapat nilang sagutin kundi pati ang mga sumusunod: kapakanan ng mga bata, paggamit ng advertising scripts, data mining, at ang kawalan ng kakayahang isara ang isang account na walang mano-manong pagtanggal ng lahat ng mga nilalaman.

      Maraming salamat, kaibigang Ruth at ang tanda pasasalamat na ito ay makikita dito

      Like

      • okay ka palang magpasalamat ah! grabe, kakatakot magpost ng picture sa internet, kahit sino maari itong gamitin (upang magpasalamat, heheh)

        walang anuman. 🙂

        totoong nakakainis na matapos ka nilang alukin upang maging miyembro ng site e bigla silang magbabago ng mga alituntunin. nakakainis yun, lalo na yung mga nabanggit mo na.

        Like

    • tama nga ang kanilang ginawa. at para mapadali ang bentahan, nilagyan nila ng make-up na medyo katulad ng facebook, in short, niretoke nila. may blog din ako roon pero madalang ko nang puntahan.

      sa ideya mong bilhin natin ang facebook, di magkasya ang budget natin. ang laki na nila. sa active users lang nilang mahigit 350 milyon (syempre, kasali na ang sa atin), baka bilyong pesoses ang malagas sa atin, e, meron lang tayong limandaang milyon…hehehe

      Like

Mag-iwan ng Tugon

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Palitan )

Twitter picture

You are commenting using your Twitter account. Log Out / Palitan )

Facebook photo

You are commenting using your Facebook account. Log Out / Palitan )

Google+ photo

You are commenting using your Google+ account. Log Out / Palitan )

Connecting to %s