Thursday, January 03, 2008

Social Net Site Is Said to Be for Sale - New York Times

Sign of the times

Plaxo, an early social networking site that helps people keep their address books updated, is up for auction, people briefed on the offering said Wednesday night. The company, which has not made a profit, is seeking as much as $100 million, these people said.

Plaxo, which has been overtaken by rivals like Linked In and Facebook, has tried to reinvent itself as an aggregate of information from other social networking sites.

Social Net Site Is Said to Be for Sale - New York Times

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