sold for $250,000 with zero revenue (and more striking data and facts)

If you’re in the online world as long as I am, you might remember the days that start-ups or sites that had no revenues and often even no real business plan, were sometimes sold for a lot of cash.

I’m talking before the dot com bubble burst. Think those days are over? Maybe you have to think again because news just got to me that has been sold for $250,000.

What’s Basically, it’s just “a service that aggregates Twitter to help people find real-time news on popular stories” or as its headline says “news by the people for the people”.

Revenues? Nothing, nada, rien. Visitors? Millions per month (according to PR at least), an Alexa traffic rank of 45,916 worldwide and 17,373 in the US.

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