Multiply the losses


Apparently, Multiply has been around for a long time, but the social network hasn’t really taken off. I hadn’t heard of it, but I guess that doesn’t mean too much. They just picked up $16.6MM from VantagePoint Venture Partners et al, presumably because they…well, I guess they believe they still have a chance.

Or maybe they just need some more cash to execute their strategy to target the Philippines and Indonesia. Apparently, they’re in the top 10 sites in both locations, says TechCrunch.

Rating: ★★☆☆☆

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