Live data from Hacker News

Website builder Wix acquires art community DeviantArt for $36M

techcrunch.com

91–100 of 201 posts

Re: Website builder Wix acquires art community DeviantArt for $36M

#91

Earlier quoted context omitted.

the deal will increase its revenue outlook by around $8 million So around a 4.5x revenue multiple, which doesn't seem bad for a business that isn't growing rapidly(?)

Since when does revenue matter? That's like selling a car dealership that does $100mm a year for $450mm, when the profit is only, say, 5% per car sold.

many acquirers focus on revenue more than profits because once ingested, the cost-side of the business can change dramatically. according to quantcast, deviantart is doing over 40MM monthly uniques. i suspect it is that reach (and not profit or revenue) that wix is actually acquiring.

Re: Website builder Wix acquires art community DeviantArt for $36M

#92
post #50

Well I can say wix.com definitely isn't going to fly in Germany (eg. for the same reason that Mitsubishi's "Pajero" vehicle isn't marketed under that name in latin/US America and Spain) [1]: https://en.wikipedia.org/wiki/Mitsubishi_Pajero

Actually: https://www.reddit.com/r/marketing/comments/3d1ux4/wixcom_ma... 160k views on https://www.youtube.com/watch?v=NkAQLw5w1U4 Your weakness can be your strength...

Your wixness can be your strength...

Re: Website builder Wix acquires art community DeviantArt for $36M

#93
post #20

Earlier quoted context omitted.

Not sure what you mean by that

Flickr is the only part of Yahoo that is worth anything. The question is how much.

The also own Tumblr, you know, the site that pretty much killed deviantArt in the first place.

Re: Website builder Wix acquires art community DeviantArt for $36M

#94
post #66

Yesterday, coincidentally, there was a surprisingly silly and heated discussion in a large Facebook group about whether a person who specializes in Wix can be considered a "web developer." ( https://www.facebook.com/groups/hackathonhackers/permalink/1... ) Hacker News is biased toward DIYing websites from scratch, but WYSIWYG builders like WIx are very important for those who aren't tech-savvy. DeviantArt, in a world…

Whenever someone asks me advice on building a website, I just say "Wix", unless they are willing to spend 10,000$ or more paying a quality developer to do a custom and probably unnecessary build.

There are more alternatives out there and some of them are cool too.

Re: Website builder Wix acquires art community DeviantArt for $36M

#95

I think the most interesting detail here is that Wix is doing well enough that it has $36M to spend.

i dont think it is too surprising considering that wix is a public company with a market cap of $2.7B

https://www.google.com/finance?cid=353014528816355

Re: Website builder Wix acquires art community DeviantArt for $36M

#98
post #51

Earlier quoted context omitted.

wix and squarespace and godaddy are the new "wordpress site". I ran into a "Squarespace developer" here in Manhattan few weeks back.

Why? It seems like Wordpress still offers the perfect balance between usability and flexibility. At least that was my conclusion after doing research for an association that was looking to host their own website. Wix options seemed to be very static while Wordpress has a plugin for everything. And it's free while you had to pay for "social media plugins" in Wix.

[deleted]

Re: Website builder Wix acquires art community DeviantArt for $36M

#100
post #19
post #14

Earlier quoted context omitted.

Haha, I am very well. Yourself? Hit me up on Twitter @jmulder to catch up!

I deleted my twitter because it's a distracting insular tire fire, however, I'll find you on FB. :)

Sorry to interject, but does this imply that FB is not a distracting insular tire fire? hmm...
Post reply on HN