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.

Sex.com sells for over $14M,”adult social network” to follow
Gary Kremen’s much-contested domain sex.com 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 MySpace.com,” 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

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