Yes, you may host your friends. If you want your friends to have their own control panels for their sites, you'll need to get a reseller account.
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You may choose your terms at sign-up. No contracts are required. You may cancel at anytime, there...
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Do you host adult sites?
No we do not host, nor allow hosting of adult sites on our servers.
Will you place any ads on my site?
Not at all. We do not place any advertisements on your site whatsoever. No banners, no annoying...