Social music discovery engine, iLike is going to have a change of fortune as reports of MySpace acquiring it break free. The cash value for this deal is put close to $20 Million, though there has been no word to confirm or deny this from either party. iLike has grown in popularity since it went live back in 2006 and its acquisition by MySpace sounds quite justified as the once leading social network feels the need to define that MySpace is all about entertainment and not just a social network. The other interesting aspect is that iLike gets a bulk of its traffic, close to 10 million users a month from Facebook the source of all trouble for MySpace.
Tag Archive: social network
There have been quite some news regarding acquisitions, partnerships today. LinkedIn isn’t staying away as it reports crossing 45 million registered users. The growth has been pretty abrupt beginning from 16 million worldwide monthly unique visitors with more than 330 million page views increasing twice as much from last year. With a valuation of around $1 billion and running quite profitably for more than two years, the company is quite a success and might go public anytime next year.
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Friendster has decided to call it quits as it put itself up for sale. Morgan Stanley will manage the proceedings of the sale to the numerous telecom companies in Asia. The social network has continued to make it big on the social networking scene in the region and leads the social networking scene in many Asian countries which include Singapore and Malaysia, but faces challenge there too with the ever growing influence of Facebook.
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LinkedIn is definitely ahead of its German rival, Xing by leaps and bounds, but Xing will never quit trying to get on top of it. Today the social network for professionals took a major step with the launch of a variety of OpenSocial apps. This comes in collaboration with 13 partners across 7 countries and a total of 16 apps. This is almost twice as many as those of LinkedIn which has only 9. The apps include:
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PeopleBrowsr, the platform that lets you integrate your activity on various social networks is bringing real time search to its list of features. The feature will let users transform their filtered searches on networks into conversations. The idea is to benefit firms learn how there product/service fared across the social networks, letting them filter search with respect to locations and topics. This in turn lets them more directly engage with the people and with almost everyone using social networks and with real time search in, it encourages higher engagement by crawling across more conversation per instant.
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