11–20 of 57 posts
I don't know their numbers, but doesn't it seem likely that 35 is less than 1x revenue?
[1] http://www.bloomberg.com/news/2011-02-04/news-corp-may-get-2...
I wonder how many of those people will hear that somebody sold MySpace for $35 million and get excited thinking they're about to become rich by selling their MySpace too! :-)
So much for the $200MM they were trying to pass it off for less than five months ago. [1] I don't know their numbers, but doesn't it seem likely that 35 is less than 1x revenue? [1] http://www.bloomberg.com/news/2011-02-04/news-corp-may-get-2...
From https://allthingsd.com/20110210/myspace-is-certainly-for-sal... , "... the look-at-me attempt to suck up some attention from the media was riveting and appalling at the same time."
If I put out a press release saying I'd like to buy Facebook for a trillion dollars -- you know, to impress a girl -- it wouldn't be fair to turn that into a claim that Facebook now thinks it's worth a trillion dollars.
Don't talk about "exciting plans" in one sentence, and "a series of restructuring initiatives, including a significant reduction in our workforce" in the next. Especially when you just worked your employees to the bone revamping your platform.
Also, when you are announcing your company was sold for scrap, it is tone-deaf to gush about how it has been "the most engaging and challenging time of my professional career."
Yeesh.
A few thoughts on communication... Don't talk about "exciting plans" in one sentence, and "a series of restructuring initiatives, including a significant reduction in our workforce" in the next. Especially when you just worked your employees to the bone revamping your platform. Also, when you are announcing your company was sold for scrap, it is tone-deaf to gush about how it has been "the most engaging and challengi…
Even if the original message did not have all this nonsense, it was likely edited by PR flacks for a "positive" spin. That's one industry (PR) ready for some refreshing new approaches...
How do I get "Tom" in my google+ circle?