« Entrepreneurs, Endurance Runners, and Motivation | Main | Ballmer Bollocks »
Latest Stories
- Pete Peterson on Subprime, Bailouts, etc.
- Yahoo's Jerry Yang Needs to Get on With Things
- The Mortgage Bankers Association Mortgage Problem
- Graphical Look at Real House Price Declines
- Alan Greenspan vs. His Critics
March 28, 2006
Alloy Buys Sconex
A youth-centric online community site has been acquired, but it's not Facebook. This time around it's Sconex, a social site for high school students, and the $6.1mm all-stock acquirer is Alloy Media. The latter is a money-losing and highly leveraged marketing and media company that went public a year or so ago.Some entertaining info on Sconex here, including that it is the 6,958th most popular site on the web, and an allegation that the site's users are a little on the risque side. You can also scan this article in Forbes.
[Update] As an aside, while Facebook hasn't been acquired, Om thinks it should have been. And I agree. Turning down a reputed $750mm offer is, in the frothy circumstances, just plain greedheaded and dumb.
Sphere It
| 
Digg it
| 
Bookmark it
| 
Stumble it
I should have said greedheaded (tm). My error ;-)
I might nominate "greedstricken," since the
news does seem to reveal a deep-seated trait that's also kinda sad.
Greedheaded? Did you just invent that word? I'm not saying I don't like it, mind you. This is a greed-betitled blog, after all.