Big Money for Social Networking

Word on TechCrunch is that Tagged.com has raised its own $15 million round, on a $102 million pre-money valuation.

Tagged is also profitable, and adding more new users per day than MySpace.

With this kind of money being thrown at Social Networking sites there are bound to be even more and more of them getting developed. As if there weren’t plenty of them already. : )

Technorati Tags: Web 2.0, social networking