Do you remember Friendster? Several years ago, it was one of the hottest startups and social networks around, long before MySpace or Facebook hit the scene. Google even tried to acquire it back in 2003. But while it’s on the decline in the western world, it’s a powerful force in Asia, where it is one of the most popular Web sites in nations such as the Philippines, Malaysia, Singapore, South Korea and Indonesia. 

4847frienster 260

According to Reuters, the social network is not only moving to lock in its Asian audience, but it’s about to get a new Asian owner as well. Fresh off a redesign aimed at its Asian userbase, Friendster will be sold by the end of the year to an Asian buyer for an amount north of $100 million.

The company, which has been private since its inception in 2002, was founded by programmer Jonathan Abrams and received investments from several venture capital firms totaling around $50 million.

Now it’s led by CEO Richard Kimber, a former director of Google’s South Asian affairs. It’s no surprise to us that Friendster’s focus on the Asian market would eventually result in an Asian owner. Friendster, while mostly ridiculed and forgotten in the U.S., is still one of the world’s largest Web sites and has room to grow within Asia. Considering its rapid decline in the U.S., Friendster could have done a lot worse. Did you use Friendster back in the day or are you a current user? We want to hear your Friendster stories (or ridicule) in the comments. More About: asia, friendster

Source –

RUMOR: Friendster to Be Sold for $100+ Million

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

New investment makes LINE MAN Wongnai Thailand’s largest tech startup

LINE MAN Wongnai was established in 2020 from the merger of LINE MAN, Thailand’s No. 1 on-demand assistant app, and Wongnai, a restaurant review platform. The company aims to be the most innovative e-commerce platform for services in Thailand

China continues to lead global e-commerce market with over $2 trillion sales in 2022

China accounted for over 37% share in the global e-commerce market, in terms of payments value in 2021. The country was followed by the US with $1.5 trillion, while the UK stood at a distant third with $292.1 billion in 2021

Amazon to invest 190 billion baht ($5 billion) in cloud Infrastructure in Thailand

New AWS Asia Pacific (Bangkok) Region will allow customers to run workloads and securely store data in Thailand while serving end users with even lower latency AWS plans an estimated investment of more than $5 billion (190 billion baht) in Thailand over 15 years