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.
From 2002-2019, David Evans helped entrepreneurs, investors, and the media, make sense of the online dating industry.
@datinginsider
