Thursday, June 30, 2011

I just notice MOL bought over Friendster

Published: Thursday December 10, 2009 MYT 3:37:00 PM
Updated: Thursday December 10, 2009 MYT 4:54:24 PM

KUALA LUMPUR: MOL Global Pte Ltd, a Malaysian company, will acquire 100 per cent of social networking site, Friendster.

MOL Global is an affiliate of leading online payment solutions provider, MOL AccessPortal Bhd (MOL).

The acquisition is expected to be completed by the end of this year, MOL chief executive officer, Ganesh Kumar Bangah, said on Thursday.

He, however, declined to disclose the investment for the acquisition.

Richard Kimber, the chief executive offficer of Friendster will become the non-executive chairman, while Ganesh will be the group CEO of the combined entity.

Source: The Star News


Also they said:

“Kimber said almost 90 million Friendsters users are Asian. Friendster, has launched a new brand, targeting Asian youth.”

They just deleted everything, recovery is impossible it is a whole difference website. Malaysian based company bought over, could be one of UMNO cronies. They just do everything they like, fuck the users, fuck the public as long it is making money for themselves they don’t care.

1 Spam or critics..:

Anonymous said...

I guess this isn't about just making money, they have taken the risk of not making anything at!

I guess the ol' friedster wasn't making much, but let's see how insensitivity and arbitrary changes do to this site's future...they might as well shut down.