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Friendster Growing Fast

Friendsterlogo CNET NEWS -- Mar 31 -- According to latest ComScore data, Friendster is the 8th largest Web site on the planet and the 3rd largest social network in terms of traffic. In the last two months, Friendster moved from 12th place to 8th place, passing: Tencent (operator of QQ.com in China), Cyworld, NHN Corporation (operator of Naver, the top Korean Web portal) and Hi5. Over the last three months, Friendster grew a total of 8.7m uniques, or 31% -- more than any other social network. FULL ARTICLE @ C NET ASIA

Christopher Michel, CEO, Affinity Labs

Christopher_michel TV WEEK -- Mar 30 -- Affinity Labs is a technology and publishing company that develops social networks around specific niches, such as Military.com, a job board for the military that counts 10m members. Affinity now operates 11 niche sites that cater to the likes of teachers, nurses and police officers. Mr. Michel started Military.com in 1999 with funding in part from A&E and History Channel, the Mayfield Fund, Primedia and U.S. Venture Partners. He sold the site to Monster Inc. in 2004. Then he launched Affinity Labs in 2006 and sold that to Monster in January. Affinity Labs makes money by selling ads on the sites and with job postings. FULL ARTICLE @ TV WEEK

Asia's Top Social Networks

Asian_social_networking READWRITE WEB -- Mar 30 -- Facebook has almost no presence in China, South Korea and Japan. In China, QQ dominates by far with 300m active accounts, Cyworld has close to 20m in South Korea while Mixi has 14m in Japan. Notably, QQ had 523m USD in revenues in 2007 and 224m operating profit, with only 13% coming from advertising. QQ and Cyworld make most of their money from digital goods - from background music to personalization, avatars or casual games. FULL ARTICLE @ READWRITE WEB

Widgets Are Key To Loyalty

REUTERS -- Mar 29 -- If people do more things on social networks, they stay online longer, share with friends and reveal more about their tastes and habits, allowing advertisers to better focus their messages. Part of what made social networks popular are widgets. Millions of people got hooked on these widgets, creating a new audience for advertisers hoping to tag their messages to these applications. eMarketer predicts U.S. advertising spending on social networks will exceed $1.6b this year. FULL ARTICLE @ CALGARY HERALD

Evolution Of The Social Network

Myspacefacebook_z_bbc BBC NEWS -- Mar 29 -- There has been a 5% slowdown in new UK users to Facebook and MySpace, between Dec '07 and Jan '08. "The slow down is being somewhat exaggerated. It's a natural form of any growth that we see in the online eco-system", said Alex Burmaster, an analyst at Nielsen Online. Social networking sites start to evolve and perform new roles. Rather than acting as friend finder, they could provide more practical help. The recent addition of a blood group application to Facebook that tracks down blood donors, ably demonstrates this. The big players have the users and the new sites have the ideas. Convergence between the two could see the dawn of a new age of social networking. FULL ARTICLE @ BBC NEWS

Verizon's Phones To Feature Location Service

Verizon_logo INFORMATION WEEK -- Mar 28 -- Verizon Wireless will add location services from social mapping provider Loopt to many of its mobile phones. The service that tells users where their friends are located will be offered at $3.99 a month and is aimed at the youth audience. FULL ARTICLE @ INFORMATION WEEK

LinkedIn Now Offering Network RSS Feeds

Linkedin_logo TECH CRUNCH -- Mar 28 --  LinkedIn's new RSS feeds feature allows users to track updates and connections across their LinkedIn network via their favorite RSS Reader. For example the feed shows when people in your network connect with other people, make recommendations or update their LinkedIn status. FULL ARTICLE @ TECH CRUNCH

Eventbrite, Kevin Hartz - CEO Interview

Kevin_hartz_eventbrite_interview SNW INTERVIEW -- Mar 29 -- Kevin Hartz is the CEO of Eventbrite.com, an event ticketing company that offers an affiliate program for the socially connected. - Mark Brooks

What is Eventbrite?
Eventbrite is a self-service event ticketing and registration service. We serve thousands of event holders of all shapes and sizes and process millions of dollars in tickets and registration each month. We make it easy for event holders to publish, promote and sell out their events online.  It's for small and mid-sized businesses and individuals. We allow them to take advantage of the Internet to promote their event and then process transactions.

Tell me about your new Facebook integration, Events Plus.

Events Plus has replicated all the features of Facebook events, but added a number of new features such as the important ability to collect payments for events, and also the ability to customize the look and feel of the registration page.  It’s important to know that Facebook doesn’t intend to improve upon their events application as they focus on their core platform. We’ve created a better application that allows events creators to have a degree of customization and ability to collect payments.

Was it difficult to apply Google Checkout to a Facebook application?
Google Checkout is a very strong API and Google has done a good job. But, in our estimation, it’s not quite as good as PayPal, which integrates much faster and easier. So it’s a convenience factor for us and for our customers. With PayPal, the only requirement is that the event holder has an email address. This makes being up and running as a processor, as a collector of ticket sales and payments, very painless for first timers.

What is the most important thing for a prospective client to know?
We take the pain out of the event planning process while giving users the ability to collect money from ticket sales immediately; that’s an important differentiator, because when using some other services, there is a lag period.

Another innovation that we have, that no one else has, is something we call Attendee Referral, which allows an event holder to create his/her own affiliate program so we allow people to take advantage of their existing groups and social network.  Eventbrite helps group owners transform their groups into customer bases which they can sell ticketed events to.

What we do is make it possible for the primary event holder to invite whomever he likes to participate in the affiliate program for a pre-specified revenue share. Let’s say I’m selling tickets at $100, I would like to share 20% of that with my affiliate program, and I can have full control over who is invited and of the percentage share. So now my network of bloggers aren’t just doing me a favor by helping me promote my event, they can also monetize that. There is now a benefit relationship that wouldn’t have been possible before.

These are the kinds of changes that we’re all about because we’re very active in the social networking space. I was an investor in Friendster and Flixter, among others, so I really want to underscore that we’re all about empowering social networking. We see our activities as dovetailing and providing evolutionary development of social networking activities in the direction of business and monetization. We create and empower social networks to become businesses. It’s transformative, and we’re very excited about it.

Iovation Secures $15M

IovationlogoRED HERRING -- Mar 27 -- Fraud protection service firm Iovation capped a $15m funding round with a $5m investment from SAP Ventures and European Founders. The initial $10m investment was made by Intel Capital. iovation markets a hosted service which tracks and identifies the devices used by people to commit online fraud on commercial sites or to harass users of social networking and dating sites. The company also creates a database of suspect devices gleaned from each of its customers which is then shared among all of Iovation's customers. FULL ARTICLE @ RED HERRING

Mark Brooks: Wow! This is one of the biggest votes of confidence I've ever seen. I'm proud to have iovation as a client (of Courtland Brooks), and a sponsor of Online Personals Watch and Social Networking Watch. If you would like to wipe out scamming activity on your dating or social networking site, iovation is the way to go. You can email me at mark@courtlandbrooks.com to schedule a 45 minute introductory demo of iovation's dating and SNS products.

This post also appears on OnlinePersonalsWatch.

Google Invests $1M In Chinese SN

Google_logo VENTURE BEAT -- Mar 27 -- Google has invested $1 million in Comsenz, a Chinese provider of social network software. The news follows a report that Google is preparing to launch a joint music download venture in China, largely to take on Chinese search engine Baidu.com, which has been beating Google by offering free music. FULL ARTICLE @ VENTURE BEAT

CEO Interviews

Social Networking Official Rankings