It receives 15 percent of all Spanish internet traffic, has 11.5 million users and its own mobile phone operator and for the last year has been under the ownership of a telecoms giant. Tuenti is the social network of choice for Spain’s teenagers and a major corporate presence that many believe is on the verge of expanding abroad and taking on Facebook in the world market. Tuenti’s figures do indeed make for impressive reading and this, no doubt, was what appealed to Telefonica when the company made its €70-million bid for the social networking site in 2010. Now, a year after the takeover, Tuenti is at a key phase in its development. And as it moves forward in the shadow of one of Europe’s … [Read more...] about A social network headed for global dominance… or buy-out syndrome?