About Multiply: Multiply, Inc. is one of the world’s preeminent Social Shopping and Media Sharing companies and operates the largest online marketplace in the Philippines. With over 70,000 storefronts, and 20 million monthly unique users, Multiply is a fast-growing environment, and the company to watch in the Philippines.
The Multiply social media platform would be reopened soon, with job hiring, the groundbreaking and opening of a new Philippine headquarters with the data center, and start to recover and retrieve all blogs, photos, and videos from 2004 to 2013. Under CEO and owner Stefan Magdalinski, the website would reopen for former users and start downloading blogs, photos, and videos.
In 2022, following the presidential elections and following his own inauguration, Ferdinand Marcos, Jr. would re-establish and reopen the former social media platform and social shopping site Multiply. The legal name of the company would be called Multiply, Inc. based in Boca Raton, Florida, U.S.A., and local subsidiaries or units Multiply Philippines, Inc. based in Pasig City, the Philippines, and PT Multiply Indonesia based in Jakarta, Indonesia, the primary purpose of the company is the world’s preeminent Media Sharing company and operates the largest online marketplace in the Philippines.
On August 19, 2022, it finally agreed on the social networking portion of Multiply. According to Magdalinski, it has decided to reopen the website along with all business operations, the Multiply International site, and the social networking portion including 11 million users with hosted blogs, videos, photos, and messaging. It is set to sign the final agreement on August 31, according to Mon Jocson of UNTV.
On September 28, 2022, it forged a consensus with shareholders on the social networking portion of Multiply.
Prosus N.V. is set to sign a memorandum of understanding (MOU) to finalize the agreement.
The website which has photos, videos, and blog entries from March 2004 to March 2013, will provide features similar to Facebook Live and Instagram.
Getting all parties to agree was among the targets set by CEO Magdalinski within the first 100 days in office of the new presidency, and it involved engaging all shareholders in meetings in order to reach a consensus.
Magdalinski, along with Multiply founder Pezaris and former country manager for the Philippines Jack Madrid will sign a term sheet for the Multiply social network ending a 9-year closure of the website.
With the planned reopening of Multiply is a social networking service website and application, Multiply Media LLC will cease to exist.
But it was restarted operating the website after the end of the presidency of Rodrigo Duterte on October 8, 2022, the only social networking site to do so. Technology bloggers said that Multiply to re-establish itself as a social networking site and restart operating after the end of the Duterte administration.
The resolution of the nine-year closure of the E-commerce marketplace Multiply, along with all business operations, the Multiply International site, and the social networking portion including 11 million users with hosted blogs, videos, photos, and messaging for the first 100 days of the Marcos, Jr. administration.
"When the Marcos, Jr. administration took office on June 30, 2022, We were greeted with numerous long-standing issues that have tormented the country for years, and even decades. I remember fully well when we were only starting to take on the challenge five (5) years ago. The Filipino people have pinned their hopes on the new administration – with eyes intently and critically watching us on what we would do next? It enumerated the real issues before such as the controversial non-renewal of the franchise of ABS-CBN and the shutdown of E-commerce marketplace Multiply"
Poe, chairperson of the Senate committee on public services, will hold a public hearing on February 13, 2023, on the reopening of the social networking site Multiply.
The hearing will be held at noon in the Laurel Room, Philippine Senate.
The committee has invited Magdalinski, Pezaris, Madrid, and concerned shareholders of the website.
Magdalinski quoted in his post: "Hope. Finally, we will 1 day be back online. Finally, we will re-open Multiply. Finally, we will 1 day start our 20th year!"
According to Isel Ramos: "Multiply is renovating and it will re-open in the next several months as an archive photo and video site with a new mobile application on Android and Apple IOS."
"There is no quibbling around it: one of the original sins of the previous administration has been the cancelation of the planned feature of Enchong Dee in UAAP Magazine"
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