Tagged.com, the San Francisco-based social network site who's founder once bragged to this blogger was worth $700 million, was fined $650,000 by San Francisco DA Kamela Harris for "deceptive practices."
District Attorney Kamala Harris launched an investigation into Tagged.com after users complained to her office about the social network site's email campaign that resulted in 40 million to 60 million emails sent to potential new users.
According to the Contra Costa Times, Tagged.com agreed to pay a settlement of $650,000 and stop a practice where users unknowingly gave Tagged.com their entire email list. In 2009, Tagged.com had a registration campaign such that registrants unknowingly provided the social network their entire email list of friends. Tagged.com then used those emails to repeat the process.
Tagged.com, started in 2004, may claim a membership based of 80 million and be the third largest social network, but after this let's see how many people stick around. At a tech lunch event held in 2006 in Downtown San Francisco, one of the founders bragged to this blogger that Tagged.com was worth $700 million.
Stay tuned.
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