Sale: Buy Friendster.com's for the low low price of $5MM

Filed in archive Future by pete on January 16, 2006

The rumors are that Friendster is on the block. But, they can't even sell for a fraction of what they've already sunk into it. Evan Williams, a guy that knows how to sell when the selling is good, ponders what it is worth:

This story about Friendster's sales saga is crazy. I don't know whether to believe it. Five million bucks for a site with 8-9 million monthly uniques? I can see Viacom not wanting to buy it, but someone would certainly pay a lot more than that, wouldn't they?

I bet Jonathan Abrams is now kicking himself for not taking the millions that google reportedly offered him before he took VC investment. And if he's not kicking himself, I'd like to offer my right foot.

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Vote for Sale: Buy Friendster.com's for the low low price of $5MM:

Currently 9.33/10
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Rating: 9.33 out of 3 vote(s) cast.

Response from: Robyn Tippins (01/18/06 11:03pm)

The only way it could work were if the users took control. In other words, perhaps a viral campaign that allowed the users a major control issue of some sort. It would have to be so fun that people would be willing to come mess around with it.

Friendster as a social site is pretty much dead without some drastic change, and in that I mean a complete change in focus/market.

Response from: freda (01/24/06 8:13am)

In addition, Friendster needs to be updated with a more "interactive features". For one, you cannot possibly know who has logged in at the moment. You cannot even have the chance to ever chat with the person. Friendster has been so passive with this one. I guess they should change some things to really get things really working.

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