TagWorld Rumors: Viacom Investment and Partnership

TagWorld, the social networking site that launched in late 2005, has been the subject of a lot of speculation lately. Valleywag speculated that the company was in trouble and pointed out that the management page (cache here) had been removed. Others have noted that TagWorld’s Comscore numbers have dropped significantly from earlier in 2006. At the very least, the company has made little headway against MySpace and the others.

But there are other rumors as well. Viacom and NBC are still figuring out their social networking strategies (NBC is doing so publicly), and insiders are saying that Viacom will likely announce an investment and/or partnership deal with TagWorld in the near future. It’s likely that TagWorld’s engine will be the back end to the much anticipated MTV social network. TagWorld won’t comment on the story, other than to say that they remain healthy and will be launching a new version soon.

TagWorld previously raised $7.5 million from Draper Fisher Jurvetson, in March 2006.