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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 13
    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»



Voting Results (Smartest)
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Archived thread
2013-07-02 03:03:38 PM
5 votes:
Now that there is the new American dream, rip off a giant corporation run by wealthy idiots.
2013-07-03 08:22:40 AM
1 votes:

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.
2013-07-02 08:39:25 PM
1 votes:

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 08:23:37 PM
1 votes:

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 07:19:42 PM
1 votes:

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 07:00:35 PM
1 votes:

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 04:52:07 PM
1 votes:

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 04:20:48 PM
1 votes:

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 04:00:26 PM
1 votes:
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 03:59:38 PM
1 votes:
If you invest $850M you might expect to earn $1M every three business days. Unless you buy AOL.
2013-07-02 03:24:00 PM
1 votes:
Advantage, Burns!
2013-07-02 03:10:39 PM
1 votes:
What's a Beebo anyway?
2013-07-02 03:10:19 PM
1 votes:
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...
 
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