The Latin American social networking wars: Market leader Hi5 has been growing, but so has Facebook — and Sonico?

The Latin American social networking wars: Market leader Hi5 has been growing, but so has Facebook — and Sonico?

Latin America is a growing online market, with monthly unique visitors in the region growing from 53.6 million unique visitors last June, according to comScore’s first report covering the entire region, to 61.6 million this past April.

More internet users means more opportunity for social networks. For example, a new social network, Sonico, claims to have gained 17 million registered users since it launched last July, and has just raised a $4.3 million round from DN… Continue Reading