Multiply Announces Plan To Reopen

Multiply closed as a social networking site on March 23, 2013 and close down last May 6 and ceasing all business operations on May 31, 2013 along with the official online channels for the site had been removed along with all their content, including its YouTube, Twitter, Tumblr, Facebook and Instagram accounts, after years of financial and managerial turmoil and following a failed bid to reinvent itself from being a social networking site to a vibrant e-commerce destination in Southeast Asia.

“We regret to announce that Multiply will be closing on May 6, 2013, and ceasing all business operations by May 31, 2013,” it announced last April 26, 2013 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.

Multiply was the site of dreams. Aisle upon aisle of hosted blogs, videos, photos and messaging was something rare.

And then, a spark of hope shone through the darkness. In October 2019, The Washington Post reported the website might make a comeback… eventually.

Now new reports say that comeback could happen as soon. CBS News reported that Multiply social network is now being managed by Multiply Media LLC.

Multiply Media LLC is reportedly planning to take the website worldwide.

The Multiply.com webpage began to display a series of messages suggesting a return of Multiply.com social network was imminent. In an interview on newspapers, television and radio stations and news websites in the Philippines, founder and chairman Peter Pezaris, president, CEO and owner Stefan Magdalinski and country manager for the Philippines Jack Madrid described their plans to relaunch the former social networking website with retrieve blogs, photos and videos in accounts from 2004 to 2013.