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Sassa left in May 2005 and was replaced by Taek Kwon.Taek Kwon was then succeeded by Kent Lindstrom, following a recapitalization by Kleiner and Benchmark that valued Friendster at less than 5% of its 2003 valuation.went live in 2002 and was adopted by 3 million users within the first few months.Friendster had also received competition from all-in-one sites such as Windows Live Spaces, Yahoo! Google offered million to buy out Friendster in 2003, but the offer was turned down.In April 2004, John Abrams was removed as CEO and Tim Koogle took over as interim CEO.Koogle previously served as president and CEO at Yahoo! Koogle was later replaced by Scott Sassa in June 2004.
Friendster was considered the top online social network service until around April 2004, when it was overtaken by My Space in terms of page views, according to Nielsen//Net Ratings.
Friendster launched all language support on a single domain -
Friendster was the first global online social network to support Asian languages and others on a single domain so that users from around the world were able to talk to each other.
Users' contact lists were preserved, along with basic information.
Friendster said that the focus would now be on pure "entertainment and fun", and the aim was not to compete with Facebook, but rather to complement it.
The idea to create Friendster came when Abrams was with a friend in Santa Clara.