Full operations of defunct social networking site Multiply may be restored in 2 to 3 months, according to website CEO and owner Stefan Magdalinski said Monday.
"By Christmas 'yun ang objective natin," he told reporters.
Magdalinski said there was a "big possibility" that the website would have more features similar to Facebook Live and hashtag similar to Twitter.
Authorities earlier said it would take 9 months before the Multiply could resume full operations as the international subsidiary Multiply International and the social networking portion with hosted blogs, videos, photos and messaging to reopen.
“We regret to announce that Multiply will be closing on May 6, 2013, and ceasing all business operations by May 31, 2013,” it announced Friday on its website.
After May 6, the rest of the month will be used to ensure that all accounts are settled and merchants get full payment for their transactions, it said.
Multiply said the month-long grace period will provide its users enough time to find and migrate to alternative e-commerce platforms, settle all payments on items bought and delivered, and minimize disruption to businesses of its users.
“Multiply will ensure that you receive all funds you earned on the platform no later than May 31, 2013. We will close the actual marketplace sooner, on May 6, 2013, to ensure that all orders have sufficient time to complete and be delivered to your customers before the end of the month,” it said.
In December 2012, Multiply stopped its social networking service to focus on e-commerce, targeting the 350 million consumers in Indonesia and the Philippines.
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