Can MyYearbook Take on Facebook?

As if there weren’t already enough social networks, MyYearbook has been showing spectacular growth, growing over 384 percent year-over-year according to the most recent Hitwise data. MyYearbook targets high school students. Next we’ll be hearing about the elementary school social network experiencing spectacular growth.

Eric Eldon has posted the rumor that MyYearbook is working on raising a large round of capital. This wouldn’t be surprising given there growth over the past year. They still have a long way to go, commanding less than 1.5

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