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Article: Can social networking sites earn money?

Article from:
The Hindustan Times
Article date:
April 24, 2008
Copyright

Saurabh Turakhia

Hindustan Times

NEW DELHI, India, April 24 -- The youth bonding with various avatars of social networking such as Facebook and Orkut is quite well-known, even in India. However, the social networking space in India is yet to develop a feasible revenue model, feel experts.

Recently, MySpace, owned by Rupert Murdoch's News Corp., announced its official launch in India, intensifying competition among major players including Facebook, Orkut and itself. MySpace boasts of 110 million monthly active users and claims that three lakh new people sign on everyday. It will be striking alliances with broadcasters and music companies in India as well.

Globally, US and other developed ...

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