socialmedian: XING AG Purchases SocialMedian Inc.

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Submitted by Socialnetwork from Digg

Dec 19, 2008

Summary

The publicly listed XING AG announces today it has purchased New York-based socialmedian Inc., a leading innovator in the social news industry. The socialmedian solution enables people to get the news filtered by their social networks. Socialmedian debuted in 2008 and has rapidly grown a highly engaged user-base. Socialmedian is thus a natural...

Comments (4)

Socialnetwork,

Dec 19, 2008

Congratulations gentlemen! Great to have some good news that makes perfect sense! Looking forward to good things to come.

Bfausey,

Dec 19, 2008

I remember listening to Jason (the founder) plug sm on TWiT with Leo leporte a few months back and I was instantly excited about this site. I could be wrong on this but it seems to me like sm is still a fairly young project, maybe its just because I got in late; was the whole idea behind sm to sell it off? Is the team that created sm still in place? I know that it is a different situation but I just don't want to see sm end up like Pownce.