Article by Jerry Low
Geek dad, SEO data junkie, investor, and founder of Web Hosting Secret Revealed. Jerry has been building Internet assets and making money online since 2004. He loves mindless doodling and trying new food.
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.