One of the earliest social networking sites, Friendster is all set to be sold to MOL, a Malaysian online payment firm, and industry experts  see this as a forward looking move considering the social network haven’t been able to do much in United States save for its strong presence in the Asian region.
But amidst all the aura of positivity surrounding the acquisition of Friendster (the social network arrived much before MySpace and Facebook emerged in the social networking market) by MOL, what still remains unanswered is the fate of the company’s estimated 20-70 employees? It has to be understood that whenever a new acquisition takes place, there can be some amount of unease among the employees about whether they are going to be retained by the new management or replaced by new staff.
From the employees’ perspective, however, it could be tad concerning as neither Friendster nor MOL have come out openly on this, which could lead to more jitters in their minds.
MOL has confirmed that the buyout deal is expected to be sealed by the end of this month, but a clearer picture about the fate of its employees could go a long way in not only ensuring the takeover process is carried out smoothly and the progress path of the social network is unhindered.
As we all know the social networking industry has been abuzz with talk for quite some time now that Friendster is sold to an Asian company – remember: Asia is the region where the social network draws 90 percent of its 100 million users. And expectedly Friendster has been sold to an Asian firm.