Tibesti Launches Social Shopping Site

Los Angeles-based Tibesti is launching a new social shopping site this morning, targeted at allowing users to recommend products to others, and to share in revenues from product purchases from those recommendations. Tibesti said that its new site will combine social networking with products, along with featuring product reviews from experts. The firm said it will share 50 percent of the proceeds with users from product sales generated from pages they create on the site, and will feature expert reviews from "nationally-renowned" experts in various verticals. The firm also has a "World's Most Expensive" products section. The firm was founded by Mike Hale and Adit Reddy.