Formspring Planning New Expansion to Compete With Facebook and Twitter
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Transcript of Formspring Planning New Expansion to Compete With Facebook and Twitter
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FormspringPlanningNewExpansionto CompeteWithFacebookand Twitter
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Popular social Q&A websiteFormspring has announced anew capital infusion of $11.5million from its leading investorRedpoint Ventures.
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In addition, the company isplanning to implement a newpublisher feature designed tofurther grow its audience: a“Respond” button that allowspublishers to pose questions ontheir website and in turn,allows visitors to postresponses to said questions.
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Once answered, the questionresponses can be transmittedto social media sites likeTwitter and Facebook (notunlike normal Formspringanswers) with the keydifference being that the linksgenerated will direct trafficnot to a Formspring page butrather to the publisher’s ownwebsite.
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By essentially usingFormspring’s Q&A format as atraffic generator, publisherscan tap into the company’sregistered user base whichcurrently stands at 20 million.
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Looking for the bulk offacebook and twitter accountsfor market place.GetAccountsNow is resourcethere you can buy facebookaccounts and buy twitteraccounts.
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Moreover, many of those usersappear to be activeparticipants as evidenced bythe surge in answeredquestions from 1 billion lastSeptember to now roughlytopping 2 billion. So not onlywill publishers be able to tapinto a vast quantity ofpotential visitors, butengaged, quality ones as well.
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Getting back to funding,besides the $11.5 million fromRedpoint, Formspring hasraised additional capital fromBaseline Ventures and variousother individual investors tobring their grand total to $14million. Plans for the new fundshave not been disclosed yetbut there have been hints thatit would be advertising based.
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