Monster.com pays $61 million to join social networking craze
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.