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.