It would be reasonable to think that a major reason why Friendster is alive today (despite making what some call a huge blunder) because of its large number of Filipino users and operators. While MySpace barely made a footprint here, and even if Multiply is steadily winning converts with its vastly better features, Friendster continues to be the social networking site of choice for most Filipinos.

But a new player may change all that, and perhaps even spell the end of Friendster. Yuwie is a social networking site that promises to pay you for your participation. Using what’s quickly becoming a traditional business model—offering free content supported by advertising—Yuwie will apparently pay users a small share of the income the site generates from selling ad space. Read the rest of this entry »