ITV sells Friends Reunited for £25m after purchasing it for £175 million 4 years earlier

ITV sells Friends Reunited for £25m after purchasing it for £175 million 4 years earlier

Friends Reunited was the brainchild of Steve and Julie Pankhurst and their friend Jason Porter. The site was officially launched in June 2000 and became the first online social network to achieve a level of prominence in Britain.   The site worked using the principle of user-generated content and registered users were able to post…

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