Big news for fans of social networks like MySpace and Linked-In:
Reuters will launch a social networking site in 2007, and the Reuters version of MySpace will target fund managers, traders and analysts.
Reuters plans to lure its 70,000 paying subscribers to its messaging service on the social networking site.
Reuters’ site will be a subscriber exclusive, and the company intends to ensure that its members share an interest in finance-related issues.
According to Reuters’ CEO Tom Glocer, "People don’t want to have 100 friend requests from teenage girls in Florida if they are trading the credit derivatives market, but they probably are interested in being able to share research."
Good luck to Reuters.
