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There's a rumor of Google offering (again) to buy Friendster, but what could Google possibly gain from that? Plenty has changed since Google's first offer of $30 million. Five reasons that Friendster is a rotten piece of flipmeat.

Friendster was fresh.Friendster is dying.
No other network was this popular.Myspace, Facebook, LinkedIn, Dogster, Tagged, Tribe, 43 People...
Especially not Google.Orkut.
A healthy level of VC funding.Bloated. And even the VCs know it.
Google still had room to buy stuff.What have they bought in the last year? Dodgeball? Is that — oh, wait — oh, it's a social networking site? Well damn.

Rumor: Google to buy Friendster [a doubting SiliconBeat]
Friendster recapitalized