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$20M in revenue, but how much in profit? Slashdot and sourceforge can't be cheap to host.
by debacle 14y ago
$20M in revenue, but how much in profit? Slashdot and sourceforge can't be cheap to host.
- viseztrance 14y agoPerhaps, but how much revenue did Instagram have?
- rmc 14y agoThe had millions of users using it for photos when Facebook, who had lots of money, was worried.
- Codhisattva 14y agoSpeculation drove up Instagram's "value". As did a likely bidding war with Google.
- dredmorbius 14y agoAnd it's an established business. No zero-point extrapolation here.
- masterponomo 14y agoYou nailed it. GKNT shareholder here. They have struggled for years to monetize the media business, with little success (profit-wise). Cost of revenue is always very high. Add in a lot of turnover in editorial/content/business leadership (basically everything on the media side) and it has been a whole lot of operating losses. ThinkGeek, meanwhile, has had great year-over-year sales increases, and costs are being brought under control. With the sale of media business, 2012 could be GKNT's first profitable year in many a year (or ever--haven't checked back more than 5 years). Or it could be they finally unloaded the media business (they hired a company to shop it around, BTW) and will now try to sell the e-commerce side (say, to Amazon) and close the doors.
- eli 14y agoI heard $5M.