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Posts Tagged “Myspace, Photobucket”

breaking

CNET sells Webshots for $45 million

CNET has sold photo-sharing site Webshots to American Greetings for $45 million — a website it spent $70 million on three years ago. And this in an age when MySpace bought Photobucket for hundreds of millions. An internal memo reads:
Today, Webshots was sold to American Greetings for approximately $45 million. This was a tough decision but the right business decision. Selling Webshots allows us to focus our efforts against long term strategic goals, and concentrate on the passion-based categories we believe offer the most promise for CNET Networks.

We are pleased that Webshots can become an important ingredient to American Greetings' business, and we are committed to making this a successful transition over the next several months.
The full internal email from CEO Neil Ashe is after the jump: More »

1:54 PM on Thu Oct 25 2007
By Megan McCarthy
625 views, 5 comments

Latest by Sinharvest: i <3 pie more »

self-referential

Valleywag now optimized for "webcam sex" search

Readers, you amaze us. And fascinate us. And very occasionally, disappoint us. Our corporate overlords, who are all afroth about search engine optimization these days, sent us a list of the top search terms people use to find posts on Valleywag. Photobucket, whose sale to MySpace we broke exclusively, ranks highly, as does Facebook, Mark Zuckerberg, and Fake Steve Jobs. But "webcam sex"? "Lick it"? "Hot Asians"? Really, people. Behave yourselves. The full list, after the jump. More »

3:52 PM on Mon Aug 27 2007
By Owen Thomas
1,230 views, 2 comments

Latest by Owen Thomas: @Nick Douglas: Sadly, the list is no doubt highly similar. more »

online advertising

What's Fotolog worth, and why does it matter?

Some observers think that Fotolog's rumored sale price, at north of $100 million, is too rich. After all, the photo-sharing site has a mere 10 million users, putting the price on each user's head at $10 and up, while Photobucket, with 40 million users, reportedly sold to MySpace for an amount in the range of $250 million to $300 million, valuing its users at $6-$7.50 apiece. But that facile analysis ignores two important factors — factors which tell us much about the changing market for Web companies. More »

1:34 PM on Wed Aug 22 2007
By Owen Thomas
936 views, 3 comments

Latest by Jeremy: @waynelambright: They are known to people in the photo industry. more »

rumormonger

Fotolog sold for $100 million-plus?

A source close to the company tells Valleywag that Fotolog, the social network and photo-sharing site, has been sold to a large Latin American company for an amount over $100 million. Fotolog CEO John Borthwick, who's on his way to Italy for a family vacation, hasn't returned a request for comment. Update: "As if," emails Fotolog cofounder Scott Heiferman. Still, the rumored sale, if true, makes eminent sense for Fotolog — and for Borthwick. Fotolog, though based in New York City, never took off in its home market. But overseas, especially in Latin America, it's huge. The site, which asks users to post a single photo every day, now counts more than 10 million members. While clearly successful, Fotolog is just one of many ventures for Borthwick, a former executive at AOL and Time Warner — and a sale would free him up to pursue those. More »

10:57 AM on Wed Aug 22 2007
By Owen Thomas
2,228 views, 1 comment

Latest by Fotolog acquired by Hi-Media for $90 million on VentureBeat: Fotolog, a popular photo-sharing service, has been bought by France’s Hi-Media for $90 million, GigaOm reports. more »

feuds

That bastard did what to whom?

NICK DOUGLAS — It's springtime for Hitler on the Internet as erupts (okay, continues as usual) in war. Let's run through who's been stomping on whom (MySpace on Photobucket, the rapaciously opinionated blogosphere on Kathy Sierra), and whether any of the aggressors have been brought to justice. (Hint: no.) More »

2:18 AM on Tue Apr 24 2007
By Nick Douglas
2,191 views, 4 comments

myspace

Oh no you di-in't! News Corp exec says MySpace runs Web 2.0

A news site quotes News Corp COO Peter Chernin saying Flickr, YouTube, and all the other popular content-sharing sites from the last few years are just suckling at the MySpace teat. More »

8:59 AM on Wed Sep 13 2006
By Nick Douglas
174 views, 4 comments