Friday, June 4

Friendster, Inc.? - In what feels like a throwback to the days of the Internet bubble, when investors would fall for any online business whether or not it had a plan to make money, money and talent are flowing into the so-called social networking sector. Apparently Friendster already has some revenues, and they raised a $13 million round of venture financing in October. (Probably explains why their servers finally achieved minimal responsiveness.)