I am thrilled to announce that socialmedian is being acquired by XING of Hamburg, Germany.
This is great news for socialmedian's members as XING is committed to growing and developing socialmedian both as a standalone service as well launching integrated socialmedian services on XING, one of the leading online business networks in the world.
The entire socialmedian team will be joining XING as part of the acquisition. I will be relocating to Hamburg, where I will lead up a major new initiative for XING, the XING Application Platform. In this new role, in addition to strengthening and enhancing the socialmedian service, I will also be responsible for managing global partnerships for application developers and content providers to connect with the XING network.
This is an awesome development for socialmedian.
socialmedian delivers the news, filtered by your network. XING is one of
That's great for you and socialmedian. Congratulations and good luck. I've begun work on a new social media blog set to launch in the beginning of the new year but now I find myself itching to write about this news.
Congrats to all. I'm not that happy, anyway. When a startup like SocialMedian is acquired, I'm always a bit afraid that something can go in the wrong way...
That's great news for Jason and for the Social networking community, I am an Ambassador at XING. They are one of the most well equipped of all the social and business networking sites. They even hold live business events and social events regionally all over the world, parties and professional training events. If you don't know about them you can find out more by checking out openBC it's where they originated. They are already in the top 1000 sites globally.
In some ways I'm sad yet I'm sure its the right thing to do. Socialmedian has become a friend who I now have to share with the big boys! But its the way forward so congratulations. I hope XING will take good care of you and allow you to flourish.
@jasongoldberg Congrats! You did this just to mess with @louisgray 's prediction, right? :) I hope this acquisition does not result in us losing your leadership and participation here.
@jasongoldberg Simply amazing! In an era where many are floundering in cyberspace, Jason and the s|m staff have proven that it can still be done and that it can be done well, without whales or hourly outage alerts.
To avoid overusing the word today, I'll say I'm impressed and amazed and, yes, a bit envious if you end up as a regular on CO74 EWR-HAM :) Congratulations, too, to the development team behind the scenes!
here are a few of my thoughts on the acquisition. Looking forward to watching how things evolve. Best of luck to the S|M team and Xing! http://cli.gs/Ae9UN6
as a Hamburg homie I´d like to welcome you in our beatiful city. It is one of the best places to be in Germany. I´m looking forward to meet you maybe at one of the next OpenCoffee Club Meetups - or one of the many other great networking events.
Huge Congrats to you and the team on the sale of your wildly popular, explosive growth start-up company "Social | Median" to XING for $7.5million big ones!! I am proud to have been an early adopter and supporter of your fabulous product. Really enjoyed watching you craft it into one of the most robust social networking sites on the web... Read More that delivers aggregated news filtered by one's friends (really novel idea and cool UIX).
You are the most zealous, passionate, productive and inspiring Entrepreneurial CEO I've met in a long while. I am very impressed with your seriously efficient burn rate (wow!) too
Simple put: Jason, You Rock! :)
P.S. Thanks for sending me the Social |Median t-shirt back in July when you launched! Congrats on getting to move and further expand your company in Hamburg, Germany too!
Well that was quick! I am quite amazed that these business models work so well and are so enticing. All of us find some reason to like the user interface of this site (what people clip-and-comment), then start finding articles in the cloud and tagging them here. That creates traffic here -- and it is legal. Take a look at sites like breakingnews.com where they, themselves do the scraping, and the big media companies gun for them. How do these kinds of companies soar? From a legal standpoint, is there no copyright infringement happening? If not, this seems almost too good to be true as a build-and-flip model, at least to Xing's competitors at this point... thoughts, everyone? (oh, congrats Jason and your team)
Cheers!!!!! @michaelfidler, Thank you very much.Its all your feedback and encouragement every time, which made this possible. We need same sort of immediate feedback from you for all our features. Thanks again. :)
@vincenzorisi Yes', I'm agree, and I don't like too much the way XING works, beucase I can see a different format on the future for Social Median, as XING, divided in free, and almost useless accounts, and premiun services you've got to pay for.
@jasongoldberg - it'll be interesting to see how the relationship works.. I've got german friends who swear by Xing, I personally don't think it works so well - perhaps this'll be a good thing? I hope so.. Would be a shame to take all the success of social median, and lose it in the germanness of Xing..
@jasongoldberg of course, I was talking from my perspective, but I know that sometimes that kind of merge bewteen companies can be useful to "correct" the mistakes from the past companies policies, I wish your company and XING find success, for the companies, but also for the users from its services.