Written by Jerry . Published on 19 May, 2010 . ReTweet.com (http://www.retweet.com) is recently sold for $250,000 on Flippa.com.
A quarter million, worth it?
A website with $0 profit and a potential lawsuit for a quarter million – Isn’t this amazing? (If you read financial news frequently, that’s a “business” is sold with infinite PE aka price-to-earnings ratio.)
But of course, ReTweet.com is not just another Uncle Joe’s website. The website gets roughly 12 millions visits per month with 26 millions page loads; and the deal comes along with its own URL shortener service (RT.nu). Furthermore, the operational cost (around $500/mo) for such a heavy-traffic site is relative low – thanks to the efficient Amazon EC2 web servers. I have been following the auction quite closely and find it very entertaining.
In case you wish to know about this record-breaking deal (for Flippa.com), check out this blogpost: How Retweet.com was built then sold for $250k.
good to see that but what is he going to do with this site