Friendster, Love and Money

Friendster has been the big boy of the social networking world, looks
like they’re on the way out. Shows how quick fads come and go, with
myspace.com moving up the hit parade, according to this article from
NYT.

“I think Friendster really missed their big opportunity,” said Mark J.
Pincus, who is an investor in Friendster and the founder of Tribe
Networks, a budding social networking Web site that hopes to capture
some of the print classified advertising market. “They weren’t quick to
turn on new functionality, where a company like MySpace kept innovating
and adding new features.”

Friendster, Love and Money

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