ABS-CBN Acquired Minority Stakes In Multiply.com. Friendster Losing Steam Over Two Day Outage
ABS-CBN, in a statement said that it will acquire 2.5 million shares (5 percent stake) at Multiply, a Florida-based social networking site. Multiply is the second largest social networking site in the Philippines after Friendster.com. Multiply.com maybe catching up slowly with Friendster.com in terms of unique visitors (see Compete estimates below).
Friendster on the other hand, the most popular social networking site in the Philippines may be losing its steam after more than 2 days of downtime due to a data center power outage in Santa Clara, California. You just can’t seem to wonder how did Friendster allowed itself to be offline? Was it because it had a single point of failure? Having one data center housing more than 85 million users? Could a data mirror in Asia have helped since most of their active users are there?
In any event, Multiply just got a strong partner in the Philippines – media giant ABS-CBN. But will Multiply be able to grow their user-base in the Philippines with the help of ABS-CBN and overtake pinoy-favorite Friendster? The answer to this question might be sooner than later.
What are your thoughts?
Sources: Business Mirror, ABS-CBN
November 18th, 2008 at 1:59 am
ABS-CBN is superficially giant. It is losing more money than it earns. Even its sister companies is doing the same.
November 18th, 2008 at 8:58 am
Losing money or not. That didn’t prevent them from buying stakes at Multiply.
November 18th, 2008 at 9:10 am
Who ever put the guy in charge of the machine that keeps the cache running in Friendster over in California is a absolute dumbkoff and should be fired right away…
Any one who ever had even a single decent ounce of computer education know that these power dependent machines should and must have some decent power backup somewhere.
Its not like california is in the middle of the Gobi Desert of Technology for them not to know that. To put forward power failure as a defense for this stupidity of loosing data reflects their absolute pathetic stupidity in handling a crises and shows their deliberate imprudent neglect for those who patronize their website… very disgusting.
I fail to see the intellectual decency to reason out power failure as a cause for the damaging inconvenience these idiots had caused.
Day by day I am loosing reliance that social sites can really hold their own once they have matured and evolved into a vibrant community such as what Friendster is what it is today. Multiply can go that way.
It can also have a determined potential to grow like Friendster. I certainly hope they do not inherit the stupidity of not backing up power and data like any decent geek student of Technology basically knows as the first principle of operating a site like Friendster and Multiply….
November 27th, 2008 at 1:10 am
Can there be a connection between ABS-CBN acquiring a stake in multiply.com and the system shutdown of friendster.com?
December 29th, 2008 at 3:31 am
^^ funny ramblings by that Friendless wanker. It was a 3rd party UPS failure and not entirefly friendster’s fault. Had nothing to do with programming either, just some wiring issues.Yes, they outsourced because Friendster is poor. Philippines is a fat monkey on their back. Traffic from Pinas is practically worthless. Why? Pinoy companies still prefer advertising in newspapers. Meanwhile, Myspace, is expected to earn $580m in 2009 and Facebook $210m even with a sluggish U.S. economy.
So ABS CBN’s stake in Multiply = Failed. Philippines is also a fat monkey on Multiply’s back.