The site that (sort of) started the social networking craze — which came out of online dating — is Friendster. Reportedly the company turned down $30 million to sell to Google in 2003. The rest is history: technical problems and other issues plagued the site, which gave way to MySpace, which itself is now struggling to reinvent itself in the wake of Facebook’s ascent.
Reuters is reporting that Friendster will now be sold for in excess of $100 million to an undisclosed Asian buyer. The site raised just over $45 million in four funding rounds.
Most of Friendster’s usage and traffic is in Asia so this makes sense. Globally it has roughly 23 million visitors. In the US the numbers are quite low however: