Friendster.com – one of the top global social networking website based on traffic (Source Comscore August 2009) announced that the US patent and trademark office has awarded it a patent on “Method for Sharing Relationship Information Stored in a Social Network Database with Third Party Databases” (U.S. Patent No. 7,478,078).

This becomes the fifth patent awarded to friendster, validating Friendster’s innovative excellence in the field of social networking.

The awarded patent is for sharing information stored in the database of the social networking platform with another database. It is also for owners of the second database to use this information to better manage their customer engagement and targeting.

Friendster allows people to meaningfully participate in discussions with others in exciting and fun ways. Will this patent helps it get an edge over its competition?

Facebook, watch out. Myspace may no longer be competition but Friendster?