Former Facebook Competitor Hi5 Scooped Up By Tagged
Another one bites the dust: Former Facebook competitor and No. 3 social network hi5 was acquired by social discovery outfit Tagged Wednesday.
Another one bites the dust: Former Facebook competitor and No. 3 social network hi5 was acquired by social discovery outfit Tagged Wednesday.
According to The Wall Street Journal‘s Digits blog, hi5 trailed only Myspace and Facebook in 2008, but Facebook’s international expansion caused the company to refocus on social games.
Tagged took a similar route, according to Digits, shifting from social networking to social discovery in 2007, and the hi5 acquisition will double its users base to 20 million from 10 million and triple its registered users to 300 million from 100 million.
About 30 percent of Tagged’s user base is in the United States, Digits reported, but hi5 has almost no presence in the country, instead having some success in Southeast Asia, South America, Spain, Portugal, and Romania.
Tagged
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