Once a dominant social network along with Facebook and Myspace, the social gaming site has been acquired by Tagged for an undisclosed amount.
The social network-turned-gaming site has modified its APIs so that applications built on Facebook's platform can be transported over with minimal developer muscle.
Webware 100 winner: Hi5
The social network is now available in several Spanish dialects as well as Danish, Slovakian, Hindi, and a number of others.
Much like Facebook's, the Hi5 gift shop allows members to give one another virtual items for a fee. A total of 36 gifts, many with a Latin American cultural bent, are available at launch.
San Francisco-based company is most popular in Latin America, where it's more likely that a social-network user will own a cell phone than a PC.
Record label defends copyrights of songs from the Spice Girls, Roxette, and other pop stars of yesteryear, claiming "massive and blatant" infringement by Hi5 users.
The social network, which is most popular in a number of Latin American countries, opens up the developer floodgates for its OpenSocial-compatible platform.
Most Web 2.0 companies still think they need to go it alone on open-source IT. Hi5 just demonstrated why they're wrong.
A decade ago, the social-networking world was a very different place than it is nowadays, with several contenders for the crown. Most didn't make it, but Facebook did.