New York sues social network Tagged for alleged email invite scam
Even though it’s based in San Francisco, social network startup Tagged is getting busted by the state of New York for scraping users’ address books to send out millions of new invites. Spearheaded by attorney general Andrew Cuomo, the suit alleges that the company used deceptive marketing practices and invaded users’ privacy to “artificially inflate traffic on the site.” On top of snagging users’ personal contacts without their knowledge or permission, Tagged sent promotional emails… Continue Reading
Social network Tagged gets $5M boost, and look at its growth
updated
Tagged, the San Francisco social networking company that many people consider an “also ran” because it trails the more Facebook and Myspace, has raised $5 million in venture debt.
Steadily, over the past year, Tagged has asserted itself as the third largest social network in the United States. It has about 5 million monthly unique visitors in the U.S., it says, citing its internal Google Analytics (Comscore’s U.S. traffic data for Tagged confirms that, above). This… Continue Reading
Social network Tagged follows Hi5 with funding?
[Update 7/25: Tagged's Greg Tseng has gotten back to us and said there has been no funding and that the TechCrunch article "was entirely false."]
Tagged is rumored to have followed Hi5 in raising a large amounts of cash to try to conquer the social network global market.
Tagged, of San Francisco, has raised $15 million, on a reported $102 million pre-money valuation, according to Techcrunch, meaning investors value it at $117 million. Investors weren’t disclosed.
The… Continue Reading
Roundup: IM mania, VCs in red, Facebook classifieds road-kill, and much more
Here’s the latest action:
Feed Crier gets bought — Feed Crier, the service that lets you subscribe to blogs or other content within your instant messenger (IM), has just been bought by IMified. That company, meanwhile, says it plans to do more on mobile front. It’s just the latest in a crazy-full day of IM stuff.
VCs have produced less profit than they invested, since 1997 — In other words, the industry is negative for the past decade. The… Continue Reading