Report: Social Site Plaxo For Sale

January 2008
Red Herring;1/3/2008, p4
Trade Publication
The article announces the sale of Plaxo, an early social-networking site that has been overtaken by LinkedIn and Facebook. Plaxo has taken over $20 million in funding to date from backers including Sequoia Capital and DAG Ventures. The company helps users synchronize address books and calendar data. When a phone number of someone's contact changes it automatically updates in contact address books.


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