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

January 5, 2008 By 1 Comment

monster logo

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.




 

Filed Under: Social Networking
About Tod Whipple

An obsessed serial entrepreneur. Founder of Startup Addict. Commercial Real Estate Expert. Technology Ninja. Lover of all things Business. Former movie & television producer. I have a Black Belt in "Keep'in it Real". Fuel your passion it will be 1% work 99% fun. You can connect with me on LinkedIn or follow me at @todwhipple or this blog @startupaddict.

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