Hi5 used to be a social media website that was highly popular. There were a lot of people who signed up for it. This is considered to be one of the earliest social media websites. Once again, this closed down because of the appearance of Facebook.
It tried its best in order to endear more people to check out the website but it seems that it did not work that well. The website actually shifted to providing some online games in the year 2011. It was said to be like a last-minute attempt to save the website. This website eventually closed down in the year 2015 because it was not profitable anymore.
A lot of people tend to forget that hi5 at one time was one of the top social media sites and networks in the world. With the ever increasing popularity of both MySpace and Facebook, hi5 started to lose its luster and eventually would be bought out by the company who operated the site, Tagged. Tagged wanted to bring a social gaming aspect to the social media world and that was what they wanted to do with hi5.
These same developers came up with a pure gaming site which would be shut down not long after it started. hi5 was forced to shut down because the site was not able to compete with the hype that was associated with both MySpace and Facebook at the time. Both sites would eventually embrace and utilize the same technology that hi5 tried to innovate. hi5 essentially became a victim of being outdone and outclassed by their competition. They didn't have the firepower to be able to stand up and compete with Facebook and MySpace.