Friendster Looks for Revival With $20 Million and New CEO

Friendster, the social networking site that has been long-forgotten by most in the United States, is looking to ramp up its business with a fresh influx of cash and the hiring of a new CEO. The company is hiring Richard Kimber, an ex-Googler who ran the South Asian operations at the search giant. This makes a lot of sense considering Friendster is the largest social network in Southeast Asia, primarily in the Philippines and Singapore.

Currently the company has over 75 million registered users but the Asian market for social networks is still in its early phase.

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