Valleywag: Friendster buys more friends

I dislike friendster. It may have been a brilliant idea when it started, but so far…its getting spanked! Im a member of every Social Network I can find and in all seriousness, friendster makes the least amount of sense. My Space may be clunky and ugly, but at least the buttons are where I think they should be when I need them and I know why I registered. At friendster, I just get confused…in any case, they got more money from Kleiner Perkins and lets hope they spend it wisely.

Friendster picked up yet another round of funding from Kleiner Perkins, adding to the pile of cash that KP, Benchmark Capital, and Battery Ventures have sunk into the dying social site. No one funding Friendster wants to admit it, but Myspace and Facebook have demolished Friendster’s chances of ever turning a profit. And if some conglomerate were foolish enough to buy it? At this point, there’d be so many investors to pay off that the founders will never see a dime.

Valleywag: Friendster buys more friends sells for over $14M. Adult Social Network to Follow

I love the internet and social networks. Im going to start a new section of my site dedicated to ONLY social networks and web 2.0 crap. Prepare to be overwhelmed. sells for over $14M,”adult social network” to follow
Gary Kremen’s much-contested domain has been purchased by Escom, LLC, a web development company that promises to build a social network there. Terms of the deal were not disclosed, but some reports peg the sale price around $14 million. Not so, says the company’s publicist.

Anonymous sources familiar with the deal tell Boing Boing the actual figure is higher, comprised of a combination of cash and stock.

“This is the first time a domain of this propriety and notoriety has delved into the online social community market dominated by companies like,” a company spokesperson told Boing Boing today. “The new service will offer classifieds, dating, chat, health information, and directories of resources, in addition to many other features.” Link to press release.

Boing Boing