Web 2.0's Business Model: Find The Biggest Sucker

from the do-you-take-checks? dept

The fallout from the story earlier this week that said Facebook was holding out for $2 billion continues, with the figure getting debunked left and right. At an investor conference, the head of Fox Interactive Media (which bought MySpace for $580 million), said his company wasn’t interested in Facebook for $2 billion, but that he is “intrigued by some of these start-ups in the Web 2.0 space” because they’re not expensive, and they don’t have a business model. Both assertions are open to debate: the price tags being tossed around for some of these companies certainly aren’t cheap, and the guy doesn’t seem to realize that many of these companies do have a business model — it’s convincing people like him that they’re worth ridiculous amounts of money.


Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Web 2.0's Business Model: Find The Biggest Sucker”

Subscribe: RSS Leave a comment
20 Comments
DreadedOne509 says:

I think it’s funny as hell. Just glad the government doesn’t spend enormous amounts of money on worthless crap. Oh wait…

On a more serious note, what in the world could possibly be worth $580 million in myspace? The demographics by themselves certainly are not worth that much. The advertising revenue isn’t. What do they know, or think they know that the rest of the world doesn’t? Curiouser and curiouser.

ChocoTuar says:

Re: agreed - sorta

Not necessarily ten-year-olds. I think it’s more for teenagers to feel like they know how to use a computer. The funny thing is, MySpace accounts for maybe a billionth of a percent of information there is to know about a computer. Without MySpace, computers would be of nearly no use to most of the people that use it.

hammer says:

yep...it is

you wouldnt consider 60+million registered users as being worth rediculous amounts of money.

consider every page have 2 ads, and each person visits an average of 10 pages a day, wow thats like 1.2 billion ads that were viewed, not to mention some people DO click on those “fun” little flash ads they have….and there are more than 60 million users thats just an estimite of a number i say a while ago.

the guy above was absolutely right

traffic=money

Add Your Comment

Your email address will not be published.

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...
Loading...