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United Online buys fast-growing Facebook app SchoolFeed

SchoolFeed, a popular Facebook app that connects high school classmates, has been acquired in a deal of undisclosed size by United Online. The new unit will be combined with United Online’s Classmates.com and StayFriends business, bolstering their presence on Facebook. It will be operated under Seattle-based Memory Lane, formerly Classmates.com. Founded by RockYou creator Lance Tokuda,… Read More

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Classmates users to split $2.5M in suit over phantom friends

See who’s signed your guestbook! Classmates.com users will be splitting $2.5 million among themselves in the latest proposed legal settlement over those email marketing tactics used by the Seattle-based social network to get people to pony up for premium subscriptions. Under the deal, Classmates users will be eligible for part of the money if they… Read More