Friendster Logo — Friendster is a website of social network. The Web site Friendster was founded in Mountain View (Santa Clara County in California to the United States) by Jonathan Abrams in March 2002. Friendster is based on the technical circles and networks of friends for contacting people in virtual communities and demonstrate the small world phenomenon. There are currently over 50 million users and is mostly used in Asia.
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Friendster was considered the number one social networking sites online until about April 2004 when he was overtaken by MySpace in terms of number of pages viewed, according to Nielsen Online. Friendster was also competition from sites “all in one” as Windows Live Spaces, Bebo, Yahoo! 360, and Facebook. Recently, new sites like hi5 represent new competition for Friendster.
Google offered $ 30 million (about EUR 20 million) to buy Friendster in 2003, which offer was declined. Friendster was founded by Kleiner Perkins Caufield & Byers and Benchmark Capital in October 2003, with then a value of $ 53 million (about 36 million).
In April 2004, John Abrams has lost its CEO Tim Koogle and took his place as a temporary CEO. Koogle was CEO of Yahoo! in the past. He was replaced by Scoot Sassa in June 2004. Sassa left his post in May 2005 to be replaced by Taek Kwon. Kent Lindstrom succeeded him, after a recapitalization of Kleiner and Benchmark who evaluated Friendster within one 21 th of its 2003 value. The decision to Friendster to remain independent instead of letting Google buy in 2003 is considered one of the biggest blunders of the Silicon Valley, according to the Associated Press.
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