News Corp to Purchase Photobucket
DJCacophony writes "Reuters is reporting that Newscorp, having already purchased Myspace, is purchasing the image hosting site Photobucket for between 250 and 300 million dollars. The story details how Photobucket and Myspace, which have previously had disputes over advertising on each others' sites, will now be integrated with each other. The deal is still very much on the table, apparently, and may yet fall through. 'While hardly known outside the youthful world of social network sites, Photobucket has become wildly popular with users for providing free, online storage tools for multimedia self-expression, from photos to videos to digital slideshows. Site builders turn to it for images to decorate their sites. The four-year-old startup, based in Palo Alto, California, has signed up 41 million registered users, up from 32 million at the end of last year and 2 million in 2004. It now hosts nearly 2.8 billion images on the site.'"
The funny thing about big corporations buying up successful websites, they never seem to be "as good" as before, and they just drive entrepreneurs to create the next "fad". Soon we'll be left with billion-dollar websites that don;t *do* anything.
bomb the us up set someone
Goodbye, Photobucket. We had some good times, shared some good pictures, but we're moving in two separate directions. You, to a mega corporation with draconian views on privacy in pursuit of only the next dollar, and me, to hell in a handbasket for the photos we shared. You can keep the ring. It's not real, it's just some piece of glass I found on the sidewalk.
In three years, your MySpace and PhotoBucket and Flicr and FaceBook accounts will be like PokeyMon cards.
Kinka-chu!
Just a prediction, but I've yet to see Murdoch turn his purchases into anything but short-term banalities.
Mod me troll, but it's like Yahoo! buying Broadcast.com (Mark Cuban's org). $2B was spent-- in cash-- and does anyone buy mp3s from Yahoo?
---- Teach Peace. It's Cheaper Than War.
Just when they thought it couldn't be done, someone finally has a monopoly on stupid.
Given Fox's history of practicing and favoring "private entity censorship", is it quite strange of a coincidence for another article to be close to this one?
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
Ok, that's a little hard to believe, there's no way 9 million people forgot their passwords last year.
Wanna fight ? Bend over, stick your head up your ass, and fight for air.
If he buys it I will be leaving. The guy is a leech who's got so fat he falls on things and leechs off them while destroying them. I don't wish to support such a creature by any name.
I like muppets.
Now the New Corp bubble. Or maybe it's the Gootube bubble. Or the Yahoo/MSN bubble?
The point is web sites are not big trucks that you dump money on!
Alex: What happen ? ....
Darren: Somebody sold up us the out.
Operator: We get video conference.
Alex: What !
Darren: Main lcd turn on.
Murdoch: How are you gentlenerds !!
Murdoch: All your images are belong to us.
Murdoch: You are on the way to assimilation.
Alex: What you say !!
Murdoch: You have no chance to profit sell your site.
Murdoch: Ha Ha Ha Ha
Operator: Alex !! *
Alex: Take off every 'Dig' !!
Alex: You know what you doing.
Alex: Move 'Dig'.
Alex: For great justice.
Domestic spying is now "Benign Information Gathering"
200 Million for photobucket? I'd love for someone to give me a valid reason why it is worth that much. This is sure evidence that this is ".com bubble 2.0". Kudos to the guys/gals at photobucket for milking newscorp and cashing out while there are people stupid enough to overpay. A fool and his dough soon split so when you come across a fool get all that you can get.
I think the invisible hand of the market has its middle finger extended
--A wise old fart named SC0RN
...who watch hundreds of millions going to mediocre entrepreneurs and see that "success" isn't about invention, discovery or research, but spending a few hours knocking up some primitive scripts and heaping on the marketing.
Whether it's Google who did little more than refine a search algorithm and revert to the clean page design of 5 years previous (and this is the high end of the innovation stakes) or MySpace living it large as a scaled-up version of "that friends database I did in school", watching these basement mouth-breathers receive a windfall is the geek equivalent of teenage girls seeing Paris and Britney make their millions by flashing their meat. You can get rich by doing what's easy, and what's been done before, but it's no challenge, and it's neither helpful to the advancement of humanity nor worthy of congratulation.
Once upon a time, we had entrepreneurs like Hewlett and Packard. Oh well, best of luck to China, they're learning from where we fall short.
they be aquirin' my bucket
(take that obscure slashdot meme posters!)I don't get this troll... can someone please explain it?
~/.sig: No such file or directory
If wonder if that's why this deal fell through. (Bubbleshare was subsequently bought by Kaboose for $2.25 million.)
Obviously, News Corp wants an established photo-sharing site that has an established audience and name-recognition, not just a plug-in for MySpace.
www.lucernesys.comHorizon: Calendar-based personal finance
I expect to see many more acquisitions and consolidations following either of these two routes.
1) Old-Media sits on vault of copyrighted material and established relationships, in order to...
2) Sue any New-Media company that's successful (copyright infringers!)
or
1) Old-Media only threatens to sue New-Media company out of existence, in order to...
2) Gain leverage in acquisition or consolidation agreements
I'm not very happy with Myspace's parent company right now and their decision to censor and remove all Ron Paul bulletins.
.. http://digg.com/politics/Video_MySpace_Censoring_R on_Paul_Supporters
See the link
I think them buying anything is bad.. and really wish they didn't buy Myspace.
Bringing liberty to the masses. - http://freetalklive.com/
...of Rupert Murdoch buying your company. Heh, my pic of Dick Cheney as Darth Sidious will probably be taken off my Photobucket. Just watch.
Knowledge is power. Knowledge shared is power multiplied.
I remember when photobucket was a terrible looking hub for low bandwidth image hosting, with a limited account size, and the only snazzy thing about the website was that you can make it look black or grey instead of that miserable brown. Imagine what the websites will look like in another 10 years after the dot com boom rises after this one's fall!
space is pretty cool.
250M? The exact price for Flickr when it was sold to Yahoo was never disclosed, but estimates were in the 20M ballpark...
McGyver won't let him.
When Bush was introducing HM Queen Elizabeth II the other day, he goofed up when mentioning that she had visited during the USA's bicentennial in 1976 - he said 1776 by mistake, then quickly corrected himself.
on their dispute with MySpace (over cutting off its users access to Photobucket), once money was tossed Photobucket's way?
Richard Steven Hack - This sig is TOO GODDAMN SHORT TO DO ANYTHING USEFUL WITH! MORONS!