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hi5 is a social networking site based in San Francisco, California. Founded in 2003, it was reported to be the 2nd largest social network after Myspace by 2007. In 2008, comScore reported that hi5 was the third most popular social networking site in monthly unique visitors behind Facebook and MySpace. The social networking site, if(we), formerly known as Tagged, purchased hi5 in December 2011, for an undisclosed sum  and operates it today.

The company was founded in 2003 by Ramu Yalamanchi. and had become the 8th largest social network by mid 2006.

Bill Gossman was appointed CEO in April 2009,[8] and at that time, hi5 refocused itself as a social gaming platform and opened itself to new game developers.

In early 2010, hi5 acquired social gaming company Big Six.The company raised $20 million in series A venture capital from Mohr Davidow Ventures, as well as $15 million in venture debt, in 2010,and announced it had raised $3 million convertible note from existing investor Mohr Davidow, bringing the funding up to $38 million.

In July 2010, the company raised $14 million from Crosslink Capital.

Gaming industry veteran Alex St. John joined the company as President and CTO in January 2011. Quantcast reported hi5 has 2.7 million monthly US visitors and 46.1 million global visitors.Software-industry veteran Karen Richardson served as chairwoman of the company's board in 2011.

In December 2011, the assets of the company were acquired by Tagged, now known as IF(WE)

Hi5 had many typical social networking features, such as friend networks, photo sharing, user groups, and status updates. In a 2009 redesign, hi5 added a number of features oriented toward gaming and entertainment. The site featured over 200 games in a variety of genres, and was adding games at a rate of 2-3 per week.

At hi5, users can create an online profile in order to show information such as interests, age and hometown. Users can also upload photos and create personal photo albums where other users can post comments. Users can also send friend requests via e-mail to other users. When a person receives a friend request, he may accept or decline it, or block the user altogether. If the user accepts another user as a friend, the two will be connected directly or in the 1st degree. The user will then appear on the person's friend list and vice versa.
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