Monster.com pays $61 million to join social networking craze
Posted on January 5th, 2008 by Startup Addict
Monster has plunged into social networking like fellow bellwether Cisco (Tribe.net and Five Across social acquisitions). Affinity labs was purchased for $61 million cash and has a number of specialized social sites. The vertical social networking trend seems to continue, however the fate of these vertical social networks it still unknown and traffic opinions vary widely from a low of 500K uniques a month to over a million.
Let’s hope the trend (and advertising dollars) continue as StartupAddict 2.0 gets ready for final launch.
Om has the full scoop.
