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Surprises

by Joseph Weisenthal

Fri, Jun 22nd 2007 10:04am





Turns Out, $7.5 Million For Business.com Wasn't So Bad

from the the-big-score dept

It's commonly believed that the $7.5 million paid for the domain name business.com was one of the surest signs of irrational exuberance displayed during the dot-com bubble. But according to The Wall Street Journal, the site is raking in several million dollars per year and is looking to sell out for between $300 and $400 million. At this point, there's a little more here than just a domain name, but it's still hard to tell how much of a business business.com actually is. Ostensibly it's a popular search engine for business needs, but the site itself looks like little more than one of those fake search engines that typosquatters and domainers put up. Still, if the company is as profitable as it's said to be, someone is bound to come in and snap it up.

8 Comments | Leave a Comment

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  1.  
    identicon
    Wyatt, Jun 22nd, 2007 @ 11:38am

    whooha

    I want to buy techdirt for $4.. please...

     

    [ reply to this | link to this | view in thread ]

  2.  
    identicon
    Faceless Minion, Jun 22nd, 2007 @ 11:42am

    Re: whooha

    What wonderful witticism, Wyatt. Why, I daresay that you rival the "FIRST POST LULZ" posters with the humor inherent in your statement.

     

    [ reply to this | link to this | view in thread ]

  3.  
    identicon
    Anonymous Coward, Jun 22nd, 2007 @ 11:44am

    Simple...

    adspace in a place that is likely to get a lot of accidental traffic and the hope that some sucker will be willing to pay a hell of a lot more for it than you did.

    business.com is just an old relic of the first dot com era and appearantly the owners found some analysts (which seems to be greek for gossip mill) to hype it up just in time to sell it.

     

    [ reply to this | link to this | view in thread ]

  4.  
    identicon
    Smrt, Jun 22nd, 2007 @ 12:16pm

    To hard to spell

    It will never catch on 'cos i can never manage to spell buisness corectly.

     

    [ reply to this | link to this | view in thread ]

  5.  
    identicon
    DittoBox, Jun 22nd, 2007 @ 12:24pm

    Re: whooha

    What an insignificant troll.

    I bid 10 dollars, USD. Wyatt can sit in his little hovel with 4 bucks Canadian monopoly money and rot.

    (yes, I'm joking)

     

    [ reply to this | link to this | view in thread ]

  6.  
    identicon
    Gid, Jun 22nd, 2007 @ 2:30pm

    Oh, Behave!

    Dr. Evil: Okay, here's the plan. We get the warhead and then hold the world ransom for... 1 MILLION dollars!
    Number Two: [clears throat] Sir, strictly speaking, a million dollars will not go very far these days. Virtucon alone makes over 9 billion dollars a year.
    Dr. Evil: Really? Okay then... we hold the world ransom for 1... hundred... BILLION dollars!

     

    [ reply to this | link to this | view in thread ]

  7.  
    identicon
    Anonymous Coward, Jun 23rd, 2007 @ 2:34am

    tech bust here we come again.

     

    [ reply to this | link to this | view in thread ]

  8.  
    identicon
    Jake Lockley, Jun 28th, 2007 @ 7:50pm

    They are traffic brokers. Even Google has deals with them. My question is, how many bottom feeders are out there making money off of a self-feeding system? If Google and all the other brokers do nothing but trade traffic back and fourth to ensure the ads they sell get hits, shouldn't it be obvious those buying the ads are idiots? Have you ever clicked on an online ad?

     

    [ reply to this | link to this | view in thread ]


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