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After laying off its employees earlier Hi5, the social network that claims itself to be the leading site in the social entertainment circles now has a new man to lead. The new CEO is Bill Gossman, who was previously the CEO of Audience Science. With the new CEO in place, Hi5 looks forward at focusing more at  more engaging modes of entertainment which include casual gaming, plus micro payment feature for its users as well. Well it all remains to be seen how the network has around 60 million active users progresses with its new leader who is quite experience in monetization.