Mons..." /> Monster buys affinity labs | Startup Addict

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Published on January 5th, 2008 | by Tod Whipple pays $61 million to join social networking craze

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Monster has plunged into social networking like fellow bellwether Cisco ( 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.  

About the Author

A serial entrepreneur. Founder of Startup Addict and Synergy. Restaurateur, Commercial Real Estate Expert. Technology Ninja. Past Movie & television producer. Lover of all things Business. Black Belt in "Keep'in it Real". Connect with Tod on LinkedIn or follow him at @todwhipple or @startupaddict.

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