Aliso Viejo, Calif. – February 16, 2005 — Yub.com, the world’s first shopping social network, officially launches today. Yub, a wholly owned subsidiary of Buy.com, has partnered with America’s top brands, including Sony, Apple iTunes, Buy.com, Linens and Things and Footlocker, to create a virtual mall where consumers can benefit from the sharing of opinions in an environment driven by social interaction.
Members of Yub can meet each other and shop in Yub’s virtual mall, which includes over 2.5 million products from partner retailers. When members hang out on Yub, they can interact with other members, make friends with people they trust, and share product insight and recommendations. Basic membership in Yub is free and rewards users with 1% cash back on every item that they buy. When users buy something that is endorsed in a friend’s profile, Yub also gives the friend 1% cash back, as a thank you for their recommendation.
Yub has also created a premium program for more avid shoppers, called YubClub. Members of YubClub can earn up to 15% cash back every time they shop and Yub still gives 1% to the recommending friend. YubClub premier membership is currently priced at $19.95 a year.
Both the free service and YubClub are part of Yub’s patent pending framework that merges social networking and e-commerce. In conjunction with the launch of these programs, Yub is airing a commercial campaign on MTV targeting young urban buyers.
The voice of our members is an incredible resource for both merchants and online shoppers,” said Jared Morgenstern, President of Yub.com. “Merchants receive the benefit of satisfied customers who become product evangelists and online shoppers learn the latest in trends from the most reliable source – their friends. It’s a win-win situation for everyone involved.”
More retailing powerhouses will be launching in the coming weeks.
Our retail partners have realized the staggering impact that online social networking has as well as the limitless possibilities for e-commerce as more consumers are going online to find out about their peers,” said Morgenstern. “We’ve only scratched the surface – this is the first in an explosion of secured retail partners who simply can’t afford to miss the compelling opportunity that Yub creates.”
Yub.com is an online mall and social network that connects people and products. It offers a meeting place for members to interact with friends from around the world, discuss trends and product passions, and provides a virtual mall experience where friends can shop for more than 2.5 million products from the world's best online retailers. Yub.com offers an innovative approach to sharing insights that enables members to discover the latest trends from the best source - their trusted friends - while collecting rewards and discounts for their opinions. Yub.com was launched in February 2005, and is a wholly owned subsidiary of Buy.com, based in Aliso Viejo, CA. For more information, please visit www.yub.com.
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