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Call me a bluff old traditionalist, but I really fail to understand new economy 2.0. Companies that have no revenue buying other companies that have no revenue

by jamess 18y ago

Call me a bluff old traditionalist, but I really fail to understand new economy 2.0. Companies that have no revenue buying other companies that have no revenue and rejecting purchasing attempts from other companies who have no revenue who would pay for them in shares the value of which scarcely exceeds the value of the paper they are printed on. Is there some ultimate strategy that the twitters, facebooks and youtubes of this world have that I'm too narrow minded to see but will make these companies bigger than Jesus, or is this the same business model as new economy v1?

brk 18y ago
the same business model as new economy v1? The same, but now with AJAX and Rails.
- master 18y ago
  The previous era's coke and hookers were far more exciting. (If you think I am joking, please see: Pseudo.com)
- jonursenbach 18y ago
  DHH is to blame for the economic collapse, not the housing markets.
  - hbien 18y ago
    Heh, even though he stresses charging money for your product.
- aaronblohowiak 18y ago
  No, far less IPOs.
  - deleted 18y ago
    [deleted]
bootload 18y ago
"... Call me a bluff old traditionalist, but I really fail to understand new economy 2.0. Companies that have no revenue buying other companies that have no revenue ..." Because Twitter is not buying the company. They are buying the technology and the lead developer, Rael Dornfest. So recruitment & a new interesting code base are the objective ~ http://www.valuesofn.com/blog/2008/11/fork-in-road.html http://www.valuesofn.com/blog/2008/11/fork-in-road.html I've watched 'Values of N' before Rael started on Stikkit ~ ~ http://www.flickr.com/photos/bootload/tags/2006nov08/ http://www.flickr.com/photos/bootload/tags/2006nov08/ after getting a hint that Rael was quiting O'Reilly and I must say it's a very interesting bit of technology. If re-implemented partially at Twitter could "turbo charge" Twitter. I took the Stikkit for a test drive back in 2006 ~ http://www.flickr.com/photos/bootload/291957738/ http://www.flickr.com/photos/bootload/291957738/ and while Stikkit had a few hiccups at that time, the service matured well, but the number of users required to build a company was simply not there.
brianr 18y ago
Companies that have no revenue buying other companies that have no revenue and rejecting purchasing attempts from other companies who have no revenue You're probably right about the first two, but not the third. Facebook brought in ~$150m in '07 and is projecting something like $300m this year. (source: http://www.techcrunch.com/2008/01/31/facebook-finances-leaked/ http://www.techcrunch.com/2008/01/31/facebook-finances-leake...)

by jamess 18y ago

brk 18y ago

the same business model as new economy v1? The same, but now with AJAX and Rails.

master 18y ago
The previous era's coke and hookers were far more exciting. (If you think I am joking, please see: Pseudo.com)
jonursenbach 18y ago
DHH is to blame for the economic collapse, not the housing markets.
- hbien 18y ago
  Heh, even though he stresses charging money for your product.
aaronblohowiak 18y ago
No, far less IPOs.
- deleted 18y ago
  [deleted]

bootload 18y ago

"... Call me a bluff old traditionalist, but I really fail to understand new economy 2.0. Companies that have no revenue buying other companies that have no revenue ..." Because Twitter is not buying the company. They are buying the technology and the lead developer, Rael Dornfest. So recruitment & a new interesting code base are the objective ~ http://www.valuesofn.com/blog/2008/11/fork-in-road.html http://www.valuesofn.com/blog/2008/11/fork-in-road.html I've watched 'Values of N' before Rael started on Stikkit ~ ~ http://www.flickr.com/photos/bootload/tags/2006nov08/ http://www.flickr.com/photos/bootload/tags/2006nov08/ after getting a hint that Rael was quiting O'Reilly and I must say it's a very interesting bit of technology. If re-implemented partially at Twitter could "turbo charge" Twitter. I took the Stikkit for a test drive back in 2006 ~ http://www.flickr.com/photos/bootload/291957738/ http://www.flickr.com/photos/bootload/291957738/ and while Stikkit had a few hiccups at that time, the service matured well, but the number of users required to build a company was simply not there.

brianr 18y ago

Companies that have no revenue buying other companies that have no revenue and rejecting purchasing attempts from other companies who have no revenue You're probably right about the first two, but not the third. Facebook brought in ~$150m in '07 and is projecting something like $300m this year. (source: http://www.techcrunch.com/2008/01/31/facebook-finances-leaked/ http://www.techcrunch.com/2008/01/31/facebook-finances-leake...)