Friendster Lives: New Cash, New C.E.O. And A New Strategy?

Message Board to Discuss Business Issues in the Social Networking Industry

Friendster Lives: New Cash, New C.E.O. And A New Strategy?

Postby snwmark » Tue Aug 05, 2008 9:30 pm

NY TIMES -- Aug 5 -- Friendster announced a $20 million investment round from IDG Ventures, Kleiner Perkins and Benchmark Capital.  The company has also made Richard Kimber their new CEO. Kimber was previously the regional managing director of SouthAsia for Google.  Friendster currently has 75 million users and is strongest in Asia where it gets 33 million unique visitors per month.

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