Whoa, Classmates.com Makes Money!
Yesterday Classmates.com announced a record quarter with the addition of 322,000 paid accounts. The company recorded earnings of $51.9 million (comparable to quarterly earnings of Facebook) and a total of 50 million registered members. I wasn’t aware that their site was still growing and I’ve never thoroughly explored their site but they have some pretty impressive numbers.
Conversely, when comparing Facebook’s revenue to Classmates.com’s revenues, it appears that advertising has been an equally effective model to Classmates.com’s
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