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Excerpt: "Meanwhile, tucked away in the bankruptcy filing was the disclosure that the net book value of Moviefone’s intellectual property is estimated to be $4
by peter_d_sherman 7y ago
Excerpt:
"Meanwhile, tucked away in the bankruptcy filing was the disclosure that the net book value of Moviefone’s intellectual property is estimated to be $4,379,504. That’s just 1.1% of AOL’s $388 million stock deal for Moviefone in 1999, right before the internet bubble burst."
Amazing how some companies can devalue faster than Venezuelan currency...
- Traster 7y agoActually, Moviefone lost 99% of it's value in 20 years. The Venezuelan Bolivar's inflation rate was 130,000% in 2018 - or to put it another way, it lost 99.999% of its value in that single year.
- peter_d_sherman 7y agoI stand corrected! <g>