Hi5.com raises $14M and shifts into social games and virtual goods

Remember when Hi5.com was the Facebook for us in the Caribbean and many others around 3 or 5 years ago. Well the 7 year old site, having been unseated and fallen out of favour with the social networkers is switching to social games and virtual goods. The San Francisco-based Hi5 has tens of millions of users and much of its fan base is overseas. The site also ranks as one of the world’s top 20 web sites. It has been noted that Hi5 is one of the companies leading and defining the rapidly emerging social entertainment category. More