Australia: Social net Kondoot eyes American expansion

01/3/2012 | Wall Street Journal, The

Kondoot's U.S. launch in December suggests a promising future for the "live" video social network. The company founded by Australians Mark Cracknell and Nathan Hoad is making inroads by selling tickets for "virtual" attendance at concerts. After increasing its American presence, Kondoot's expansion in Europe and an initial public offering are possibilities in the near future.

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