{"id":410487,"date":"2010-03-10T03:28:39","date_gmt":"2010-03-10T08:28:39","guid":{"rendered":"http:\/\/techie-buzz.com\/?p=20243"},"modified":"2010-04-27T21:49:03","modified_gmt":"2010-04-28T01:49:03","slug":"sale-of-retweet-com-fetches-250000","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/410487","title":{"rendered":"Sale of Retweet.com Fetches $250,000"},"content":{"rendered":"

Retweet.com, a site very similar to Tweetmeme, launched<\/a> back in August 2009. Everything at Retweet.com including the look, the functionality, the business model was just too similar to the original Tweetmeme site. A lot of people wondered how Retweet expected to gain any market share. It seems like after 8 months of struggling, the owners finally tried to get rid of it.<\/p>\n

Retweet.com was put up for an auction on February 17th 2010 and was finally sold for a decent sum of $250,000 yesterday. It seems there were a total of 45 bids<\/a> before somebody decided to pay the Buy It Now<\/em> price of $250,000. The identity of the new owner is still unknown. The auction took place on Flippa<\/a>, a premium market place for buying and selling websites. This transaction fetched the highest price somebody has ever paid for a website on Flippa.<\/p>\n

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The site claims 12 Million uniques<\/strong> per month with 26 Million page views and no revenue. A lot of value is associated with the domain name and that probably was a big factor in valuing Retweet.com at quarter of a million dollars. One of the co-founders of Retweet.com was the young social entrepreneur Tyson Quick<\/a>.<\/p>\n

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TAGS:<\/strong> Auction<\/a>, Retweet.com<\/a><\/span>
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\nSale of Retweet.com Fetches $250,000<\/a> originally appeared on Techie Buzz<\/a> written by Tehseen Baweja on Wednesday 10th March 2010 03:28:39 AM. Please read the Terms of Use<\/a> for fair usage guidance. <\/div>\n

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