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Business
by Mark Brooks on March 20, 2006
CMP NET ASIA -- Mar 15 -- Friendster has 24 million members and 9 million unique visitors a month. After three years, LinkedIn has 5 million subscribers and believes that number will reach 8 to 10 million by the end of the year. "We're expecting to reach profitability this month," says VP Konstantin Guericke. Adrian Scott, CEO and founder of business social networking site Ryze.com, claims his site, with six employees and 400,000 users, has been profitable for several years. FULL ARTICLE @ CMP NET ASIA
Mark Brooks: It took several years for online dating to become profitable. Social networking was primed in 1999, born again in 2003 and should be profitable this year.
Permalink: Social Networking: Good business?
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