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Trailing the two leading social networks in the United Stated Facebook and MySpace, Tagged fished $5 million in debt funding. The social network has come of age to rise against the allegations put against it last year that spammed users with invites for the service. However the traffic has started to show a remarkable improvement since May this year with unique visitors climbing to near 700,000. Given the company can capitalize on the ad market in the US, it doesn’t surprise me that the service eagerly took debt funding rather an equity especially in tough economic times like these.