3 ms·
Forgive me if I sound ignorant, but... How in the name of everlasting gods can Mashable of all things be worth $200,000,000?
by jgroome 15y ago
Forgive me if I sound ignorant, but... How in the name of everlasting gods can Mashable of all things be worth $200,000,000?
- kloncks 15y agohttp://www.youtube.com/watch?v=I6IQ_FOCE6I http://www.youtube.com/watch?v=I6IQ_FOCE6I
- gjulianm 15y agoI don't know about the stats of Mashable, but I'm pretty sure it's driving a lot of pageviews during the past months. CNN is probably taking that into account, not the quality of their articles.
- citricsquid 15y agoThat's about $10 per unique visitor if they're paying for traffic... if CNN are buying it for page views they're... stupid.
- bh42222 15y agoI think it shows how much cash traditional media is capable of generating compared to Internet based media. I think this should mean more and more ads should move from the more expensive media to the cheaper alternative, in theory.
- ticks 15y agoIt's a such a crazy price, but we have seen similar purchases of blogs like TC recently. Normally, websites are sold on the basis of a year or two worth of revenue - I am talking content websites, rather than services. There's no way that Mashable is making anything near $100 mill per year.
- mcantelon 15y agoOld media generally has more money than brains. They are used to command-and-control and think if they just buy new media hotness they'll then be able to grab the steering wheel and drive into the future. The reality is their impulse to control usually makes failure inevitable.