] HipMojo.com » Top 10 Worst Internet Acquisitions

Top 10 Worst Internet Acquisitions

Ah nostalgia.  I think if we wish to avoid any bubble 2.0, we need to print this out and stick it on our doors, windows, pillows, mirrors, etc.

Enjoy. 

Re:  

Broadcast.com - acquired by Yahoo! in 1999 for $5 billion. Yahoo! paid a mind-boggling $710 per user back in the hey day of the bubble. But why does this rank higher than the AOL boondoggle? Two words: Mark Cuban. Yahoo’s ludicrous overpayment for Broadcast.com gave Cuban the money to go out and buy the Dallas Mavericks basketball team and permanently implant himself on the American psyche. Unforgivable. 

Although a footnote on #1 is necessary.  Listen, being a Lakers fan (until the Kobe-era, anyway) notwithstanding, Mark Cuban is not so bad.  He represents a lot of what is good about business and life, but also some of what is bad (but don’t we all?).  Anyway, my point is: it’s not the Yahoo! acquisition of Broadcast itself that what made Cuban able to go out and be Mark, it’s that he sold Yahoo! stock unlike all of the other yahoo’s who made paper billions but did not see the writing on the wall.  For what it’s worth, he gets props for that.

Didn’t JFK’s dad sell his stock portfolio right before the 1929 Crash because some shoeshiner gave him stock advice (suggesting that the market was getting way too ahead of itself?).  You know what they say in stock investing: buying is half the equation… well, Mark sold twice, one Broadcast, then Yahoo stock.

Also:
- Top 10 Web Flops
- Top 10 Web Fads

Tags: |
Posted By: Ashkan Karbasfrooshan | Nov 22nd

One Response to “Top 10 Worst Internet Acquisitions”

  1. Mi otro blog… » Blog Archive » Otra lista de las 10 peores adquisiciones en Internet y una de las 10 mejores Says:
    November 30th, 2006 at 1:13 pm

    […] Por otra parte, en el blog HipMojo no sólo han comentado la lista de la que se habló la semana pasada, sino que además ha publicado una lista de las 10 mejores adquisiciones (aunque pueda resultar raro que Overture -incluida en una de las listas de peores adquisiciones- aparezca aquí como una de las mejores adquisiciones, no lo es si leéis los artículos originales, pues las justificaciones se refieren a instantes temporales distintos): 11. (Mención de honor) Yoyodyne adquirida por Yahoo! […]

Subscribe:


Leave a Reply

*
To prove that you're not a bot, enter this code
Anti-Spam Image

Subscribe:


« « previous post | next post » »
Admin

Shortcut:
HipMojo.com

Subscribe:

Search Site:

Categories:

Archives:

Blogroll: