New social network launches
A new social network for groups has elbowed its way into the market today, reports Michael Arrington at TechCrunch. Like an updated Yahoo Groups, CollectiveX is meant to do for groups what MySpace does for individuals. That is, it allows groups to keep track of their members, exchange files, maintain a collective calendar, and generally communicate online. Arrington suggests the application is what veteran business networking site LinkedIn "should have been." One major difference from existing social networks, however, is that CollectiveX will charge for its services: groups with up to 50 members will pay $36 a month for full functionality, while larger groups may pay up to $149. Some of Arrington's readers are skeptical. "Looks cool, but it is expensive," writes one. While another understandably wonders "More social networking sites. How many do we need?"
Posted by Oliver Ryan 11:01 AM 0 Comments comment | Add a Comment

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.