Multiply has recently announced that it will be shutting down its marketplace on May 6, and will discontinue all business operations on May 31, 2013.

Multiply has rebranded from Social Networking site to e-commerce site and has been used by hundreds of thousands of Indonesian and Filipino sellers.

The user are given time to find and migrate to alternative platform. Premium members will receive a full refund for unused time in their subscription no later than May 31.

Multiply merchants are advised to move to a new e-commerce marketplace.

Multiply did not provide any explanation why it is closing down its operation.