Socializing on SodaHead

" about social networking are you on FaceBook for example there's a there's a lot of people. I and Baghdad on social networking sites and spending is actually expected to grow 81% to two point two billion dollars trying to. Cash in May be honest business. Still ahead dot com I check it out if you have that we're actually doing that a CEO is CBS data talk a little bit about it Jason -- is joining us. Jason just give us a little background on your history with social networking for. Because it includes MySpace doesn't it."

" Yes I ain't got online or start an online business 1999. That a few duck comes before joining company where we later created MySpace and 2003. And we certainly have we've we've seen some of the social networks out there and thought we could do better job and we did."

" And so they say you sell -- sell MySpace in 2003005. Academic advisors of our company News Corp. thank you for that disclaimer I have added content. And it is still ahead is a little different explain it. They are different especially someone who's not on the social networking site like my -- honored you're not I'm not I'm not."

" Is that right -- the social networking is where people can connect. And traditional social networks it's connecting through. Friends of friends your former colleague your former classmates. What's so it does differently is let people connected through opinions so it's. It's the largest question and answer opinion community over 200000. User generated questions and explain that's different than a blog. Of a blog. Everyone can do by just getting one of the free sites and start right away and not talking about your opinion and hopefully someone will read it. And what people find is that they they have a hard time getting started on a blog with the right topics and find that no one's really is that no interaction. What's so they had those differently is until vibrant community with over a million registered users and people are talking about everything under the sun and yet it's the hottest topics let me."

" And talk about that in person on the -- come over email you have MySpace and FaceBook yep Lincoln I mean is there really room for another social networking site boat we're seeing the growth of -- had so like what looked like an example what -- growth will look like patty categorized growth will."

" Users registering. Page views unique visitors every month forcing the site grow and it's you know especially right after the election we had. Over a 100000 people vote on a single question which was Obama or McCain and there's over what the great part about bush has not just about voting. But about discussion and interaction with other users win over 300000. Comments on that one question about book on the -- McCain or Obama. And so with the other 200000. User generated questions whether we should have a cars are whether tarp was the right idea. Whether we -- pat taxpayers should bail out Chrysler when its own private equity firm won't hit."

" If the economy that's in the highest top offensive had a right now. It it would ever is a hot topic of the day is what we see and so they had talked a little bit about what it's like to be. Eight get quote unquote start at the sound -- on and a good roll right now they're talking about financing considering the credit environment and what 2000 and -- looks like --"

" Sure. I love start ups have done through for them now. And you know after News Corp. acquired us this time this month were to leave and it just have the most fondly and in start -- environment. Went out with my best friend since kindergarten who has investment banker and we went to Silicon Valley raised the money and post six. And -- six and just recently talked about funding in June of oh wait we raised her series B. It's a tough time to raise money right now. The metrics are different to the economy is obviously different. The venture capitalists really have different ideas as to what will you be successful they're pulling the -- are not lending the money. Go to these start -- that might have got money be forced."

" But you know you have cast your pocket at least staff for the time being it is your friend thank me over and over again for grabbing him out of investment banking and that -- in Silicon Valley that are innately up about 17% of the company last week that well but yet but you're doing."

" He enjoys the dot com startup and."

" It's it's the greatest great job in the world our rates -- from -- not -- estimated the entrepreneurship I guess -- keep us updated -- is a great source and discussing what people weighing in -- and."