A lot of my previous posts have focused on Knowledge Management within the corporate sphere, where there is a dire need. So what is Knowledge Management all about? Simply put, getting people to talk to each other. If you’ve figured out how to do that, the rest will slowly fall in place. This is not to say that there isn’t a significant amount of work needed to create robust KM practices.

Social networking has taken off like a rocket these past few years, it seems more and more people want to reach out and connect with other people. Being an avid Techcrunch reader i do keep tabs on whats happening on the technology front. Two articles recently caught my eye ( which is what prompted this post in the first place ).

Social networking site Hi5 takes $20 million

“According to Alexa, Hi5 is now ranked as the 11th most popular site online above Facebook at 13th. If you’ve never heard of the site though, there is a reason; most of Hi5’s traffic doesn’t come from the United States. Hi5 is the No. 1 ranking site online in Portugal, Ecuador, Costa Rica, El Salvador and Guatemala, and ranks at No 2 in Jamaica, Honduras and The Dominican Republic. 16.2% of visitors to Hi5 come from Peru and 7.7% from Portugal, by comparison visitors to Hi5 from the Unites States make up only 2% of the sites traffic.”

AND

Big money for Tagged, too

“Word about social network Hi5’s $20 million financing leaked earlier today. But that isn’t it for social networking funding news. We hear it from a good source, but without confirmation by the company, that Tagged has raised its own $15 million round, on a $102 million pre-money”

This just re-enforced how large social networking had actually gotten, the power of this knowledge / information sharing platform is something that has really awoken the corporate world. I wonder how long before corporate social networks start taking off in the same manner, and more importantly, would they be even a third as successful?

Related Posts

• Yahoo’s new Social Network.
• Facebook is worth $15bn!!
• Ford’s Social Media Experiment
• Linden Lab loses its CTO - Cory Ondrejka
• Linkedin Vs Facebook

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