Prior to 2004, the Company had raised $250,000 in an angel investment round, and utilized this early investment to bring the Company to profitability.

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When a person receives a friend request, he may accept or decline it, or block the user altogether.

If the user accepts another user as a friend, the two will be connected directly or in the 1st degree.

The user will then appear on the person's friend list and vice versa.

Some users opt to make their profiles available for everyone on hi5 to view.

Other users exercise the option to make their profile viewable only to those people who are in their network.

In early 2009, hi5 began to evolve from a social network into a gaming network. With Tagged's acquisition of hi5, their gaming platform changed from third-party developed games to games developed by Tagged's in-house team.

Tagged noted that hi5's games weren't as "vibrant" as they could be.

In a 2009 redesign, hi5 added a number of features oriented toward gaming and entertainment.

At hi5, users can create an online profile in order to show information such as interests, age and hometown.