Xuqa social network is actually making money

Xuqa is a sort of social experiment game idea thing. Looks weirdly interesting. TechCrunch reports they have stopped accepting venture capital since they have turned a profit, these days an elusive and hard thing to do, especially for web 2.0 start-ups. Currently the game played on the site is Poker, though there are plans to introduce other games as well. Players play against others and prizes are awarded to the top players. The other "game" is a virtual "hot-or-not" catwalk where people can judge each others hot pics to see who is the best looking based on social votes. Heck, CollegeClub and tons of other sites have been doing these hot-or-not things for ages as an added thing, so why Xuqa made money on it, and the others didn't I don't know, but it is impressive. Honestly I had never heard of the site before this, but it may have has some potential if it's making money already.

Tags: money, news, social, VC, venture capital, VentureCapital, xuqa