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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Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.