Friday, May 27, 2005
Friendster CEO Resigns
Reuters reports that Friendster CEO Scott Sassa has resigned to make way for a more tech savvy executive. Sassa left his job as president of NBC Entertainment in June 2004 to join Friendster. Another revealing fact from the Reuters article is that Friendster had only 703,000 visitors in April, compared to the 8.2 million visitors its competitor MySpace.com had in the same month (Reuters incorrectly identifies the site as "MyPlace" at one point). Users also stay at MySpace.com much longer than they do at Friendster -- apparently an hour and 23 minutes compared to 14 minutes. Could this be the start of a broader shakeout in the social network space or is it just an isolated case?
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