According to News.com, Investment firm Montegomery & Co. has been hired to find a buyer for Friendster. Again. Earlier this year they were asking $200 million, that price has been lowered to the $50 million range. Lack of a solid business model and the MySpace juggernaut have taken the bloom off the Friendster rose, to the point where Friendster is more of a dating site than anything else. Not often do we see a company squander such an opportunity, it’s a shame.
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No one can post to the spark numbers they get this.
“The page you are looking for might have been removed, had its name changed, or is temporarily unavailable. To begin your search for the intended page please access our homepage at: Corante.com. ”
Friendster is a dead cat, why would anyone want to buy them at this point. They are imploding.
No one can post to the spark numbers they get this.
“The page you are looking for might have been removed, had its name changed, or is temporarily unavailable. To begin your search for the intended page please access our homepage at: Corante.com. ”
Friendster is a dead cat, why would anyone want to buy them at this point. They are imploding.
Which is the main intangible asset of that site?
Its database?, its traffic?
Perhaps they will be lucky if they get paid USD10 million!
(USD0.50 /fifty cents/ per each member of the database)
Kindest Regards,
Fernando Ardenghi
Buenos Aires.
Argentina.
ardenghifer@gmail.com