reminiscing about that time rupert murdoch paid $580M for myspace and then sold it six years later for $35M
merry christmas everyone
9 replies
@zachleat Tumblr also lasted 6 years before being sold for 0.3% of the previous price.
@jero I’m saving my pennies to buy twitter
@zachleat my favourite was Bebo. Sold to AOL for $850m, it quickly tanked and then in 2013 the original founders bought it back for $1m.
@ben ha, yes! whew!
@zachleat Zach, I just did the math and that is a net gain of 545 million dollars! I'm taking notes...
@eb I also received all of my maths training from crypto coin university 😅
@zachleat then everyone had to use Facebook for years to come. At least, now we will upgrade by coming back to the fediverse.