| 3:47 pm on Oct 26, 2007 (gmt 0)|
| 3:53 pm on Oct 26, 2007 (gmt 0)|
Yes that's going to hurt. I do like Webshots though and have been using them for years to put my photos online.
| 5:27 pm on Oct 26, 2007 (gmt 0)|
I spend too much time on the internet and I had no idea about "webshots" are they big?
| 6:44 pm on Oct 26, 2007 (gmt 0)|
Seems to be kind of a "reverse Midas touch" at CNET. I wonder what they could get for MySimon now that they have been its stewards for a while? (Paid $736 million in 2000.)
| 7:29 pm on Oct 26, 2007 (gmt 0)|
Oops, just edited my post, I was missing one chain in the link.
This thing gets bought and resold a lot!
[edited by: superpower at 7:31 pm (utc) on Oct. 26, 2007]
| 7:30 pm on Oct 26, 2007 (gmt 0)|
not that bad if they paid with their stock--provided their stock was as inflated as the prices of teir targets.
| 10:18 am on Oct 27, 2007 (gmt 0)|
Photo hosting is no longer an extremely hot commodity, it's merely "hot" now and isn't headed in the right direction to stake a companies future on. Good move. Videos are next.
| 11:52 pm on Oct 27, 2007 (gmt 0)|
Just when you thought the dot com bust was over. When is the web 2.0 bust coming? Maybe after a few more companies spend this kind of money on Internet pyrite?
| 6:07 am on Oct 30, 2007 (gmt 0)|
If the Alexa numbers are accurate, Webshots has a fraction of the traffic it did three years ago. The comments in the 2006 annual report make it clear it is a declining business as well.
Cnet are probably lucky to offload it at that price given its performance. They do not disclose numbers ofr it separately, but I would guess they got a decent multiple for a declining business.