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(Planet Ivy)   "Thanks for giving me the $850m to buy Bebo, but I'm gonna buy it back off you for $1m if that's okay"   (planetivy.com) divider line 34
    More: Hero, Bebo  
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8889 clicks; posted to Business » on 02 Jul 2013 at 2:56 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



34 Comments   (+0 »)
   
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2013-07-02 12:56:08 PM
LOL that is gold ... lots and lots of gold.
 
2013-07-02 02:59:11 PM
img10.imageshack.us
 
2013-07-02 03:03:38 PM
Now that there is the new American dream, rip off a giant corporation run by wealthy idiots.
 
2013-07-02 03:05:59 PM
So he rented it out for a few years for $849 million.
 
2013-07-02 03:10:19 PM
They want to see if they can reinvent it?

How about they reinvent something that does similar to what Facebook does... but without all the game updates and privacy issues and "OMG Like this PIc of Jesus or you will die!!!!11!!" ?

Yes, I am really sure that I only want these 15 people to see these pictures I just posted... and yes, I'm pretty sure I don't care that your pig ate a truffle in WhatTheFarkVille

Still... I have lots of stuff I would be willing to sell for $850 million and buy back for $1 million.  Now if I just had a buyer...
 
2013-07-02 03:10:39 PM
What's a Beebo anyway?
 
2013-07-02 03:15:30 PM
I like this guy.
 
2013-07-02 03:20:59 PM
so the CEO thought that combining 1 turd with another turd would some how make the first turd more valuable ?
 
2013-07-02 03:22:30 PM

Griftin Rubes: so the CEO thought that combining 1 turd with another turd would some how make the first turd more valuable ?


Peanuts AND corn!
 
2013-07-02 03:24:00 PM
Advantage, Burns!
 
2013-07-02 03:25:17 PM
pbfcomics.com

Nah, seriously... Social Media belongs to the 800 pound gorilla, so FB can probably hold their lead for the next 5-6 years until someone else comes up with a killer social media app that bypasses some of the faults of FB. I have an idea for what could kill FB but I'm gonna hold onto that one in case I can make it work. Or make it sellable to FB. But social media is always going to be about having critical mass of users.

Bebo... Never anything big. I'd suggest making it into a RPG character repository and people could have their alts live out a more varied social life than their users. Yes, since people won't be using their real names you'll have trolls, but also orcs and elves.
 
2013-07-02 03:25:23 PM

OldRod: They want to see if they can reinvent it?

How about they reinvent something that does similar to what Facebook does... but without all the game updates and privacy issues and "OMG Like this PIc of Jesus or you will die!!!!11!!" ?

Yes, I am really sure that I only want these 15 people to see these pictures I just posted... and yes, I'm pretty sure I don't care that your pig ate a truffle in WhatTheFarkVille

Still... I have lots of stuff I would be willing to sell for $850 million and buy back for $1 million.  Now if I just had a buyer...


If anyone made a site like that, as soon as it became popular, the temptation to incorporate Zynga ads and likewhoring algorithms would become impossible to resist. Everything you hate about Facebook is every single way they make money.
 
2013-07-02 03:35:37 PM
Can't wait to see what does take Facebook down. Don't think it will be Beebo.
 
2013-07-02 03:37:24 PM
 
2013-07-02 03:39:44 PM
Man this guy must make money from just lookin like some super genius.
 
2013-07-02 03:54:46 PM

MrEricSir: [img10.imageshack.us image 320x101]

mcreadyblue: What's a Beebo anyway?

This should clear things up a bit.


Damn, was that like 1999 or 2000?  I remember this series.  As well as "FDA".
 
2013-07-02 03:57:16 PM
ll-media.extratv.com

RIP Bebo
 
2013-07-02 03:59:38 PM
If you invest $850M you might expect to earn $1M every three business days. Unless you buy AOL.
 
2013-07-02 04:00:26 PM
This sentence ranks as one of the top five most descriptive analogies I've ever read from a Fark article:

"However, by late 2008 it was pretty obvious that Facebook was the biggest most intimidating dick at the non-partitioned urinal and the competition was either having difficulty getting its stream going or shrivelling up altogether."

Zuckerberg is black?
 
2013-07-02 04:09:25 PM

skinink: Can't wait to see what does take Facebook down. Don't think it will be Beebo.


It will be something that can port all your data (pictures) from FB to a new platform.
 
2013-07-02 04:20:48 PM

OldRod: How about they reinvent something that does similar to what Facebook does... but without all the game updates and privacy issues and "OMG Like this PIc of Jesus or you will die!!!!11!!" ?

Yes, I am really sure that I only want these 15 people to see these pictures I just posted... and yes, I'm pretty sure I don't care that your pig ate a truffle in WhatTheFarkVille


Google tried this with Google+, but it seems that most people are more willing to be annoyed by other people than to give up their ability to annoy other people.
 
2013-07-02 04:49:37 PM
I have no idea what Bebo is, but I'm more surprised to learn that AOL still existed in 2008 and presumably still does
 
2013-07-02 04:52:07 PM

skinink: Can't wait to see what does take Facebook down. Don't think it will be Beebo.


Facebook is as secure as AOL or Compuserve, and will suffer the same fate. While it stands guard against the next big threat, the ground will shift out from underneath when small federated social network servers talk to each other while giving small groups of people service tailored to their needs.
 
2013-07-02 06:19:02 PM
Selfies of pug-faced British teens were never worth $850m in the first place.
 
2013-07-02 07:00:35 PM

Name_Omitted: skinink: Can't wait to see what does take Facebook down. Don't think it will be Beebo.

Facebook is as secure as AOL or Compuserve, and will suffer the same fate. While it stands guard against the next big threat, the ground will shift out from underneath when small federated social network servers talk to each other while giving small groups of people service tailored to their needs.


That's the cycle most people can't seem to wrap their head around.  Get big by consolidation, get too big, fracture, fragments prosper, one fragment gets larger, consolidation.
 
2013-07-02 07:19:42 PM

OldRod: They want to see if they can reinvent it?

How about they reinvent something that does similar to what Facebook does... but without all the game updates and privacy issues and "OMG Like this PIc of Jesus or you will die!!!!11!!" ?

Yes, I am really sure that I only want these 15 people to see these pictures I just posted... and yes, I'm pretty sure I don't care that your pig ate a truffle in WhatTheFarkVille

Still... I have lots of stuff I would be willing to sell for $850 million and buy back for $1 million.  Now if I just had a buyer...


Hell, I would be happy with a viable Youtube replacement that index's properly and doesn't ban video's for non-sexual nudity and such.  Vimeo & Daily motion are close.. but not quite there.
 
2013-07-02 07:20:38 PM
indexes index's what ever.. its really late in the work day and we have been in a nasty heatwave :(
 
2013-07-02 08:23:37 PM

mcreadyblue: What's a Beebo anyway?


So the person paying $1m isn't as much a fool as the person who paid $850m, but still, what's there worth even the $1m?

I'm guessing no real property changing hands (office buildings, servers, etc.); Beebo is just a name and a code base.

The name is worth 0, any code from 2008 is worth little, and any code added by AOL worth less.
 
2013-07-02 08:39:25 PM

mcmnky: mcreadyblue: What's a Beebo anyway?

So the person paying $1m isn't as much a fool as the person who paid $850m, but still, what's there worth even the $1m?

I'm guessing no real property changing hands (office buildings, servers, etc.); Beebo is just a name and a code base.

The name is worth 0, any code from 2008 is worth little, and any code added by AOL worth less.


He is buying it back because it was once his, and he wants to play around with it to see if it can make some money. $1 million is chump change to this guy, and if it makes him happy, he should go for it.
 
2013-07-02 09:12:37 PM

BadReligion: mcmnky: mcreadyblue: What's a Beebo anyway?

So the person paying $1m isn't as much a fool as the person who paid $850m, but still, what's there worth even the $1m?

I'm guessing no real property changing hands (office buildings, servers, etc.); Beebo is just a name and a code base.

The name is worth 0, any code from 2008 is worth little, and any code added by AOL worth less.

He is buying it back because it was once his, and he wants to play around with it to see if it can make some money. $1 million is chump change to this guy, and if it makes him happy, he should go for it.


even if you just call it sentimental value, the 1M would be worth it. I used to love watching AOL get screwed on things but it is has been pathetic for a long time now that it just even fun anymore
 
2013-07-02 09:47:15 PM
That's a lot of money for a domain name.
 
2013-07-02 09:48:37 PM

OldRod: How about they reinvent something that does similar to what Facebook does... but without all the game updates and privacy issues and "OMG Like this PIc of Jesus or you will die!!!!11!!" ?


In fairness, facebook WAS like that before the special ed class collectively known as myspace let out..

//remembers the good ol' days when you needed a college ID to get an account
 
2013-07-03 12:27:47 AM
OldRod: They want to see if they can reinvent it?

How about they reinvent something that does similar to what Facebook does... but without all the game updates and privacy issues and "OMG Like this PIc of Jesus or you will die!!!!11!!" ?

https://cayova.com/

Been done.  Or being done, more appropriately.
 
2013-07-03 08:22:40 AM

mcmnky: mcreadyblue: What's a Beebo anyway?

So the person paying $1m isn't as much a fool as the person who paid $850m, but still, what's there worth even the $1m?

I'm guessing no real property changing hands (office buildings, servers, etc.); Beebo is just a name and a code base.

The name is worth 0, any code from 2008 is worth little, and any code added by AOL worth less.


It doesn't need to have any real value.  If you've got $850 in your wallet and someone offers to sell you something amusing for a dollar, do you talk to your accountant?  A million bucks is sofa change for someone walking around with hundreds of millions.  It's an insignificant amount of their net worth.  Just being able to say they bought their company back for 1/850 of what they sold it for is worth it.  Heck, with the story in the news, I'll bet they could flip it for ten million by Friday.
 
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