The saving grace for social networks like hi5 is its ability to seek out corners of the global market for places to stake its claim. Speculation around Facebook’s virtual goods economy spurred interest in several other social networking services to take on their own initiatives towards virtual goods, including hi5’s rather aggressive strategy to better monetize its user base.
Keep me signed in Forgot your password? Users can connect with others through common interests, games, browsing profiles, and more. It is mainly focused around friendship and dating. Agent Hi5 Marketing, an Oakland, CA based digital marketing agency, helps Non-Profits & Local Businesses succeed using social media & video marketing. You can too! Login with Facebook. Sign up with your email today! Now that Facebook has launched its gift shop and has teamed up with retailers and marketers for specialized campaigns, Facebook is able to still compete with hi5’s own virtual goods efforts, despite its lessened level of involvement when compared to hi5 in particular.Everything-PR News is a leading Public Relations news website founded in 2009. The world's fastest growing among the top-10 global social networks. FOUNDER: Ramu Yalamanchi LAUNCHED: June 2004 PRESENT STATUS: Active Among the most popular social networking sites for a few years after its launch, Hi5 was second only to MySpace in 2007. We bring you the latest solutions in web design and online marketing to establish or expand your onlince prescene. Sociopath also introduced anonymous play to the site, making it easier for gamers to play games immediately without first having to provide registration info.As a companion to Sociopath, hi5 introduced Sociopay in early 2011.
Back in my youth, that was the way friends and family generally stayed in touch virtually.
According to comScore, the popular site's monthly unique visitors increased from 31.4 million in December 2007 to 56.4 million in June 2008 - an increase of 25 million monthly visitors.
Launched as a social networking site in June 2003, hi5 was able to turn a profit within its first year.
Based on the June comScore Media Metrix worldwide figures hi5 grew 79% in the first half of 2008 - more than twice the growth rate of any of the top 10 social networks.
The ability for Facebook to connect users despite their geographical locale is a stated principle of the company and has been for some time.As Facebook has overtaken every other social network in the U.S., many are looking to see if it can continue to do the same in other countries. These are all factors that could affect hi5’s ability to leverage its virtual goods market in every area in which it has a presence, or limiting its ability to expand the market with uniformity.Facebook has also ramped up its virtual goods efforts, which had been building theoretical steam for some time.
Nextdoor is a private social network for dedicated neighbourhoods. RFP, Public Relations, Marketing, Social Media and more!Numbers released from Alexa & Google Trends for Websites shows that In some areas where hi5 was already popular, Facebook is beginning to steal market share. Social networks such as hi5 are often considered to be second tier in the U.S., when compared to the likes of Facebook.
Users can also send friend requests via In a 2009 redesign, hi5 added features oriented toward gaming and entertainment.The company was founded in 2003 by Ramu Yalamanchi.By 2006, it had become the 8th largest social network.Prior to 2004, the company had raised $250,000 from By 2007, it was the 2nd largest social network after The company had gained significant market share in Europe, Latin America, and Asia, and In early 2010, hi5 acquired social gaming company Big Six.In 2010, and announced it had raised $3 million convertible note from existing investor Mohr Davidow, bringing the funding up to $38 million.In October 2010, hi5 announced Sociopath, a set of developer tools designed to make it easier for developers to bring their game to the hi5 platform. With Facebook still taking in some big numbers this past year, it would seem that hi5’s virtual goods efforts are for not.One thing to consider for hi5’s global presence is the variance the company may see in its ability to localize any virtual goods efforts, based on accessibility, currency and payment options. A major part of the program was the implementation of Facebook compatible APIs, which simplified the process of bringing games already developed for Facebook to hi5. Everything-PR features the latest PR News, industry happenings, crisis communications strategies, RFP’s, PR Firm insights and much more for PR and marketing professionals around the world.All comments, questions or inquiries should be directed to:
It was sold to another social network, Tagged, in 2011 and they were both bought by social discovery platform MeetMe for $60 million earlier this year.
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