Wednesday, January 11, 2006

Know When To Hold 'Em, Know When To Sell Out: "Friendster has been looking for a buyer for some time, while its selling price keeps dropping and dropping. About this time last year, $200 million was being tossed around as Friendster's buyout price. Now PaidContent reports it's been offered to Viacom for just $5 million—but the media giant's even balked at that, about a month after offering $20 million for the one-time social-networking supersite." —Techdirt

Thus did Jonathan Abrams join Chris Hasset in the Crushing Regret Hall of Fame.