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Friendster.com went live in 2003 and was adopted by 3 million users within the first few months. Friendster was one of the first of these sites to attain over 1 million members, although it was preceded by several other smaller social networking sites such as SixDegrees.com (1997) and Makeoutclub (1999).
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Jan 24, 2023 · Before TikTok, Instagram, and Facebook -- even before MySpace -- there was Friendster. Here's why the original social network collapsed.
- What Is Friendster?
- What Happened to Friendster?
- Why Friendster Failed
- Friendster Funding & valuation
Friendster is (or rather was) a social networking website that allowed you to create user profiles and connect with (as the name suggests) your friends, family, and colleagues. Much like Facebook these days, users were able to make new connections by adding them to their list of friends. Furthermore, the site offered a variety of additional feature...
Friendster, headquartered in Sunnyvale, California, was founded in 2002 by Jonathan Abrams. Abrams, a Canadian native, moved to Silicon Valley at the height of the dot-com bubble. In 1996, he joined Netscape, which sold to AOL in 1998 for $10 billion, as a software engineer. Subsequent roles in tech at various Valley-based startups would follow. As...
Friendster failed because of site performance issues, rising competition, executive turnover, as well as extensive content moderation. Let’s take a closer look at each of these causes of failure in the section below.
According to Crunchbase, Friendster had raised a total of $48.5 million across five rounds of venture capital funding. Notable investors into the company included Benchmark, DAG Ventures, Battery Ventures, Kleiner Perkins, and many others. The last time Friendster’s valuation was disclosed was during its acquisition by Malaysian payments company MO...
Friendster currently boasts more than 65 million members [source: Friendster.com ]. While that may seem like a lot, competitors like Facebook and MySpace have similar (if not higher) numbers. In 2004, Friendster's popularity declined rapidly in the U.S. as these newer, more application-rich competitors started popping up.
- Leah Lerner
Aug 24, 2023 · As a dating-site-turned-friendship-platform, Friendster boasted 3 million users within the first few months of existence, which was an uncanny feat in the 2002 era (Blitch, 2022).
Sep 13, 2018 · He sent invites to 20 friends and family members in the hopes interest would multiply. It did, and quickly. By June, Friendster had 835,000 users. By fall, there were 3 million.
Jan 25, 2021 · Friendster reached a membership count of 115 million registered users by 2008, with particular success in Asia. That wasn’t the case in 2009. Just one year later, Friendster experienced a rapid decline as members switched over to Facebook.
