2021-09-18 04:05:31
The rise and fall of friendster (and myspace and youtube and…) economics/news

Wallflower at the Web Party – New York Times:

JONATHAN ABRAMS was in a spot. He could take the safe bet and accept the $30 million that Google was offering him for Friendster, the social networking Web start-up he began only a year earlier, in 2002. Saying yes to Google would provide a quick and stunning payout for relatively little work and instantly place the Friendster Web site in front of hundreds of millions of users across the globe.

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