Business Logs – Page 37

Meetro Purchases Friendster For $17,000 CDN And A Hand Job

Guys, this is the real deal here. My boy Paul Bragiel just sent me this press release and since it says FOR IMMEDIATE RELEASE it is my responsibility to my 6 Business Logs readers to IMMEDIATELY RELEASE it by quoting from it liberally.

San Francisco, Calif. – April 1, 2006 â€“ Meetro, the world leader in Instant Messaging software announced today it has entered into an agreement to acquire Friendster, one of many social software sites for keeping in touch with friends and hooking up with new people.

Financial terms of the deal were not disclosed.

“We’re excited to be acquiring Friendster because we can leverage their web 2.0 technology,” said Paul Bragiel, CEO of Meetro. “This acquisition gives Meetro another brand name in its warchest, similar to Infogrames purchasing Atari a few years back.”

Friendster will provide Meetro users the ability to see who’s looked at their profile to encourage a greater number of ‘random hookups’ without the need for alcohol. Leveraging Meetro’s location-based technology will allow users to see other members in ‘real-life’ and avoid a common photo profile pitfall known as â€œthe angles.â€

Power Polarities In The Design Business

It is a fantastic time to be a designer.

I have never seen the design-for-hire industry so saturated with work in my entire life. Almost every single of one of my designer friends (who either are partnered with a few other people, or do all freelance work) are completely and hopelessly booked up with client work. I’m extraordinarily busy, they’re all extraordinarily busy, and this means that who holds the power in the design consulting world has shifted. The shoe’s on the other foot now.

Some Humpday Fun: 9rules Dance Contest

When Paul and I are both up at 4:30am talking on IM, you know that something crazy is bound to happen. We decided to have a little fun since it’s humpday and all, so enjoy our 9rules Dance Contest. 🙂

Facebook At 10 Figures

Rupert Murdoch got a deal when he bought MySpace for $580 million, because the next social site to be bought will be Facebook but it’s going to go for over a billion dollars.

There were rumors a few weeks ago about Facebook going after another round of venture capital funding with a high 9 figure valuation attached to it, but I can’t imagine why they’d need any more money. Facebook is still a smaller company, and their corporate-sponsored groups and advertising pull in the megabucks (from what I’ve heard.) I’ve heard from a few sources close to the company that they recently turned down an acquisition offer that was close to or right at $1 billion, and BusinessWeek’s latest article on Facebook puts a $750 million number on that rumor so my sources were pretty accurate.

« Previous Page