July 1, 2008
by Todd Fugere
- Posted in »
- Social Networking
The New Zealand-backed social network for adults, iYomu, has closed its doors.
Even offering a US$1 million prize to encourage membership to its site didn't give the company the legs to last a year.
Kiwi blogger Richard McManus' ReadWriteWeb reported that the company sent an email to iYomu members last week, which read: "For almost one year iYomu seemed to make the world a smaller place where 100 000 people came together and found a common space where grown-ups could meet, greet, debate and share interests. Yet it is not only people who rule the world, but money does too. We tried, we thrived and then we died."
