ASIAMEDIA JOURNAL - Oct 28 - After losing ground to
Facebook in many of its Southeast Asian markets, Friendster has
embarked on a comeback plan, launching a payments platform to sell
virtual items and games. Friendster’s payment platform will be extended
to third parties such as advertisers, game publishers and apps
developers, allowing Friendster to take a cut of purchases made with
its own currency. Friendster remains the leading social network by
total audience in the Philippi....

Social Networking Watch