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IDAE

A lot of rumors floating around, about this stock being the one to monetize social networks, Joe Abrams the co-founder of Myspace and Maynard Webb the former COO of E-bay recently joined the board, these guys don’t get involved in small companies. They are launching group gifting on Facebook and Myspace. Don’t know whats up, but big news is said to hit soon. Anyone else?

No insider sales, tightly held, they have a proprietary billing technology that they developed for their

SNE (social networking enabled) gift card. They just launched this on Facebook dot com!!

They also have another proprietary application called “Bill My Parents” (pretty clear what it does).

They recently emerged from the R&D phase and are beta-testing their platforms.

(something like 70% of all these type of companies don’t make it out of R&D and into the market)? Interesting?

This company looks poised for an acquisition by one of the social networking giants i.e., MySpace, Facebook, etc.

(which recently overtook adult as the most visited web niche on the net! ), add the fact that Joe Abrams (the Co-founder of Myspace parent company) joined the board and sold his last two companies for over 500 Million each, I heard this could be the next one?

A potential gem in this turd of a market.

Just My 2 cents for you all…

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