Long time readers know I'm no fan of Friendster. But I've heard from multiple sources that the following are (or soon will be) true:

  • CEO Scott Sassa is out
  • Layoffs
  • More VC funding (even though they were cashflow positive)

Discuss. Or not.

(Friendster hackers: If you're looking for another job, ping me. I know folks hiring, both at Yahoo! and elsewhere.)

Update: More on this at The Tech Beat. Thanks for the credit, guys. And now Jeff is woried about the movie. Heh. :-)

Posted by jzawodn at May 24, 2005 03:10 PM

Reader Comments
# Jeffrey McManus said:

Here's the part where I figure out where to put my schadenfreude.

on May 24, 2005 03:27 PM
# GrumpY! said:

blah, they were roadkill a year ago. web 2.0's pointcast. remember when pointcast had a buyout offer for $700 million? think they finally sold for less than $20 million. strike while the iron is hot gentlemen, you are not the next google.

on May 24, 2005 03:47 PM
# strimble said:

Yea, it's true. I'll be pinging you.

on May 24, 2005 04:56 PM
# Adam said:

GrumpY! really needs his (or her?) own blog. I *need* to hear that voice every day. ;)

on May 25, 2005 09:44 AM
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