Tagged buys Hi5

Tagged bought Hi5 for a non-disclosed sum. In 2008 Hi5 was the top in social networks , in front of MySpace or Facebook. The biggest problem was to interconnect people, a technology that Tagged seems to have. The income for the latter company is about 40-45 million USD per year, so they an afford a test like this, because the fight for social media is not over !

source : Wall Street Journal

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