Community social network Nabo farewells users as it prepares to shut

Community social network Nabo has told users to it will close its doors within the month, recommending a transition to Nextdoor.

It comes almost three months after the Australian Financial Review reported Nabo’s major shareholders – Fairfax Media, Reinventure, and Seven West Media – would sell the business to US company, Nextdoor, which launched in Australia late last month.

All content will be removed by Nabo in December

From November 8, the website will move to a read-only model, before completely shutting up shop in December, with all content to be removed. On a FAQ sheet on the Nabo website, the business said there were a “lot of factors” involved in the decision to shut, however it did not go into detail.

When the AFR reported Fairfax Media, Seven West Media, and Reinventure would sell the respective shares, it said the businesses had agreed to a deal to sell the business to Nextdoor, a process which has been completed.

No specific mention of the acquisition has been made by Nabo on the website, however, all members are being informed to join Nextdoor, the US business which Nabo was modelled off. Overnight, Nabo released a note to its 365,000 members, thanking them for their support.

“We loved hearing all the stories about neighbours connecting with each other all because of Nabo. Over the years we have helped lost pets find their way back home, watched countless mothers groups form, heard amazing stories from several Nabo ‘walk and chat’ groups, and witnessed a Nabo community band together to furnish an entire house for a neighbour in need,” it said.

“We have seen that when neighbours connect, great things can happen. That is why we are recommending you join Nextdoor. Nextdoor is the world’s leading neighbourhood social network and have recently launched here in Australia.

Some of the jobs, items for sale, available on Nabo

“Saying goodbye to Nabo doesn’t mean saying goodbye to your neighbours. Sign up with Nextdoor to stay in touch with your community – it’s like moving to a new home, with new neighbours to meet and some familiar faces to welcome.”

Nabo was founded in businessman Adam Rigby in 2014. In 2015, Fairfax Media, Seven West Media and Reinventure all purchased stakes in the business. According to Seven West Media’s latest financial report, it had a 29.6% stake in the business, while Fairfax Media’s stake was approximately 24%.

Mumbrella approached Westpac, Fairfax Media and Seven West Media for comment.


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