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





