Five decades have passed since the proposal of the molecular clock hypothesis, which states that the rate of evolution at the molecular level is constant through time and among species.
Taek Kwon was then succeeded by Kent Lindstrom, following a recapitalization by Kleiner and Benchmark that valued Friendster at less than 5% of its 2003 valuation.
In 2008 Friendster had a membership base of more than 115 million registered users and continued to grow in Asia.
With recent advances in Bayesian clock dating methodology and the explosive accumulation of genetic sequence data, molecular clock dating has found widespread applications, from tracking virus pandemics and studying the macroevolutionary process of speciation and extinction to estimating a timescale for life on Earth.
After the relaunch of Friendster as a social gaming platform in June 2011, the number of registered users reached over 115 million.
The top 10 countries accessing Friendster, according to Alexa, as of May 7, 2009 were the Philippines, Indonesia, Malaysia, Singapore, Thailand, Pakistan, United Arab Emirates, Sudan, South Korea, Bangladesh and India.
Friendster was one of the first of these sites to attain over 1 million members, although it was preceded by several other smaller social networking sites such as Six (1997) and Makeoutclub (1999).Most people have since attributed this decline to the rise of Facebook, a rival social networking site.In August 2008, Friendster hired ex-Google executive Richard Kimber as the CEO.The Friendster Wallet was designed to support a variety of payment methods including pre-paid cards, mobile payments, online payments and credit card payments.Friendster also has content partners such as game developers and publishers which provide monetization solutions on the Friendster platform leveraging on MOL's payment channels and Friendster's large user base.The original Friendster site was founded in Mountain View, California and was privately owned.