Plaxo Up For Sale
Reuters reported that Plaxoo, a 2nd tier social networking website which helps members keep their friends’ contact information up to date is on the market for what it is estimated to be $200 million, other reports said that Plaxo was looking for offers around $100 million.
Plaxo had a flat growth in 2006 and 2007, however it might be a logical target for other social networks, especially sites like Myspace and Facebook to acquire a 2nd tier professional social networking website, a niche that both of theese major players have been looking to and working on getting a piece of.
Plaxo claims that it has signed up over 15 million members, how many of them are active is a different story though, no specific numbers were made public by Plaxo.
Microsoft, Google and Yahoo and all possible buyers for Plaxo, besides Newscorp and Facebook ofcourse, whether thePlaxo sale is going to be the 1st sale for a social network in 2008 or not is something we will have to wait for to see.
[tags]plaxo, plaxo sale[/tags]
January 5th, 2008 at 12:52 pm
Interesting post, great read of the day I might say. Keep up the good work!
-Mike
January 7th, 2008 at 8:52 am
this is all rubbish !!!!!!! no one is selling plaxo. some cheap trick