Classmates.Com is one site that we all know of as the first social network. The website was launched in 1995, the first one amongst others like SixDegrees, Epinions’ Circle of Trust and Friendster. It’s true that today we have many much improved engines of the same concept. The search has become much easier and takes less time. Here is where Classmates.Com is loosing out. However, there is still some ray of hope left.
The latest buzz is that Classmates.com has filed for a $125 million IPO with the SEC. United Online which changed hands for the company in 2004 for $100 million, is being spun off as Classmates Media. Well, it will include both Classmates.com and the Mypoints.com online loyalty scheme. As per a report, at the end of June, the site had some 50 million users and about 2.7 million paid accounts. Thus, it is not easy to imagine the fact that the company is on loss. As per the reports by ZDnet the company for the period ending on March 31, 2007 faced a loss of $250,000 on revenue of $42.4 million. With other better and functional websites like Facebook, MySpace, Bebo, Piczo, hi5 and others, it would be difficult for Classmates.Com to resurface. However, with a few improvements I am sure they can again be the number one.
Source: Mashable
