Friendster
Friendster's decline from social network pioneer to footnote demonstrates how first-mover advantage can be squandered. Technical failures during growth (slow loading, crashed servers) drove users to MySpace and then Facebook. Like a species that discovers a new niche but can't defend it, Friendster created the social network market then lost it entirely.
Key Leaders at Friendster
Jonathan Abrams
Founder
Key Facts
2002
Founded