Social Net Site Is Said to Be for Sale
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Plaxo, an early social networking site that helps people keep their address books updated is up for auction, seeking as much as $100 million.
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Rumors that Microsoft is negotiating a stake in social networking site Facebook could mean another bubble in Internet company values.
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It's called 'murderabilia'âthe buying and selling of items connected to grisly crime scenes. And it's a brisk business online. Inside the campaign to police the murder market.
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Blog: The social networking company plans to launch an API to connect to other services.
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The founder of craigslist, the free   social networking and classifieds Web site, said on Thursday he   is not interested in selling out, a few hours after social   networking site MySpace was valued at $15 billion.
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(InfoWorld) - Microsoft has approached FacebookÂ in recent weeks proposing an investment that would give Microsoft a stake of up to 5 percent in the popular social-networking company, The Wall Street Journal reported Monday. With Microsoft willing to invest between $300 million and $500 million, the deal would value Facebook at $10 billion or more, the Journal reported, quoting anonymous sources. Google has also expressed an interest in acquiring a Facebook stake recently, according to the Journal. Thus, Microsoft could find itself competing for Facebook's attention with Google. However, Facebook's discussions with Google and Microsoft are in the early stages and could end up with no agreement with either suitor, according to the Journal. IDG News Service's requests for comment from Facebook, Microsoft, and Google weren't immediately answered. Founded in February 2004, Facebook is one of the world's most popular social-networking sites with about 42 million active users. Facebook has been growing strongly in the past 12 months. In December, it had about 12 million active users. The site initially only admitted students, but last September it lifted that restriction. In May of this year, itÂ opened up to third-party developersÂ to create applications for the site, which has also added to its popularity with users. Along the way, it has caught the attention of big Internet playersÂ such asÂ Microsoft, Google, and Yahoo. The latter reportedly tried to buy Facebook last year for $1 billion. Facebook's attractiveness is that it builds very strong and deep relationships with its users.Â More thanÂ half of its active members return to the site daily, and Facebook knows a lot about them, thanks to all the personal information people disclose on their site profiles and interactions with other members. This, in turn, offers a desirable audience to advertisers and to ad sellers and distributorsÂ such asÂ Google, Microsoft, and Yahoo. A little more than a year ago,Â Facebook chose Microsoft to display banner adsÂ on the site. Facebook would be interested in using the cash raised from selling a stake for buying other companies, increasing its staff of about 300, and beefing up its technical infrastructure, the Journal reported. Facebook is also weighing the option of raising funds from financial investors, the Journal said.
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The online application vendor has ported its productivity tools to the social networking site.
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A vast online network is being used to promote social and environmental responsibility.
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In the wake of a Wired News investigation, the social networking site
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Blog: As rumored, the two companies have been acquired--not by MySpace, but by the social network
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The e-tailer, seeking users' input, invests in online collaboration.
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InfoWorld - Cisco Systems is continuing to buy its way into social networking, acquiring some assets of the company that operates Tribe.net while letting the site remain independent.
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A page on the official developers' wiki hints that the social network will be offering data storage space for applications hosted on the Facebook Platform.
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It has been hanging in the air for sometime now. Back in September 2006 the rumor circus already pointed at Tom online as the likely candidate and it&#8217;s now decided. From Reuters EBaysaid it will fold its China business, acquired when it purchased local auction site EachNet for $180 million (91 million pounds), into a venture with [...]
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Social networks that tap the interests and buying power of traditionally reserved groups like the bookish are a small but growing force on the Web.
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Social networking site purchases tiny startup that had been developing software it bills as a Web-based operating system.
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Online auction giant takes a cautious approach to social networking.