Geekonomics

Friendster Granted Patent on Sharing Relationship Information Stored in a Social Network Database with Third Party Databases

MOUNTAIN VIEW, CA – October 6, 2009 — Friendster, Inc., a top global web site based on traffic, today announced that the U.S. Patent and Trademark Office has awarded the social networking pioneer a new U.S. Patent, titled “Method for Sharing Relationship Information Stored in a Social Network Database with Third Party Databases” (U.S. Patent No. 7,478,078). Friendster has been granted five patents since July 2006, validating the company’s early and continual innovation in online social networking.

Friendster’s latest patent describes a technology where Read more…

How do you know corporate valuations are getting ridiculous especially with a loss-making social network like facebook? When a one-man social network is looking at a billion dollar valuation

But kudos to this social networking site, they are he is definitely a lot more successful than many others!

SAN FRANCISCO – August 5, 2008 – Friendster, Inc. (www.friendster.com), the 9th largest website in the world based on traffic and the #1 social network in Asia, today announced Richard Kimber as its new chief executive officer (CEO) and a member of its board of directors. As the new CEO, Kimber will lead Friendster’s global business and guide operations in Asia and the U.S. In addition to the appointment of Kimber, Friendster also announced today that it has closed $20 million in funding.

Most recently, Kimber was the regional managing director of South Asia at Google, where he Read more…