Friendster is an Internet social network service. The Friendster site was founded in Mountain View, California, United States by Jonathan Abrams in March 2002 and is privately owned. Friendster is based on the Circle of Friends and Web of Friends techniques for networking individuals in virtual communities and demonstrates the small world phenomenon.[citation needed] It currently has more than 85 million members worldwide and is mostly used in Asia .
Based on Alexa.com, Friendster ranked 2nd most visited website in the Philippines while Yahoo! is the most visited website in the Philippines, and third party friendster-layouts.com is 16th. It is estimated that nearly 90 percent of internet users in the Philippines have Friendster accounts. David Jones, vice president for global marketing of Friendster, said that "the biggest percentage of users is from the Philippines, clocking in with 39 percent of the site's traffic."
Also, it caters to men and women interested in meeting people due to different reasons. Such reasons are: looking for friends; looking for activity partners; relationship with men; relationship with women; or just looking around.
Friendster was funded by Kleiner Perkins Caufield & Byers and Benchmark Capital in October 2003 with a reported valuation of $53 million.
In April 2004, Abrams was removed as Chief Executive Officer and Jeff Koogle took over as interim CEO. Koogle previously served as President and CEO at Yahoo!. Koogle was replaced by Scott Sassa in June 2004, left in May 2005, and was replaced by Taek Kwon. Taek Kwon was succeeded by Kent Lindstrom.
Type: Private
Founded: 2002
Headquarters: San Francisco, California
Key people: Friendster Team
Employees: 57
Website: http://www.friendster.com
Type of site: Social network service
Advertising: Google, AdSense
Registration: optional
Available in: multilingual
Launched: March 22, 2002
Current status: active
Thursday, November 13, 2008
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