Social Network that states a unique, global footprint that touches North and South America, Europe, and Asia
hi5, which launched in late 2003, is a massive MySpace-style social network. The site targets the teens and twenties demographic and claims to have over 40 million members. According to the latest Hitwise stats (June ‘06), hi5 is the 8th most visited US social network. However, the site is losing market share - it now accounts for 0.78% of the social networking market, down from 1.06% in May. And although not explicitly stated, Hi5 appears to be more targeted than MySpace - many of the site’s users are fans of HipHop and R&B.
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