You might not have heard of social networking company Community Connect. It's a small, rapidly growing outfit that has built three MySpace-like sites, MiGente.com, AsianAvenue.com, and BlackPlanet.com, that target Latinos, Asian-Americans, and African-Americans, respectively. The sites are successful, with a total of some 16 million registered users.
The number is a fraction of MySpace's 100 million registered users, but Community Connect Chief Operating Officer Court Cunningham says it is the third largest social networking company in the U.S. in terms of revenue (see BusinessWeek.com, 2/28/2006, "Niche Networking by the Numbers").
Read the rest at Business Week...