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pizza.com Sold For $2.6m
f8d noted a beeb bit on the fact that the pizza.com domain name was sold for a ridiculous 2.6m bucks. Can there be a bubble and a recession at the same time, or do the two cancel each other out like Penn & Teller?
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That was a STEAL. Just think of the marketing budget of any of the standard delivery places (Pizza Hut, Papa Johns, etc). This is not even a blip on that radar. I just hope it was a pizza place. God help us all if it was a porn company.
First, America is going through a recession because of our debt, combined with our realizing that we have overspent. OTH, Europe, japan, canada, etc are all picking up speed while the dollar continues to plummet due to our federal and trade deficits. Hopefully, the next president will be responsible.
Second, the net remains one of the best places to lower your costs. Far cheaper than having a building and ppl. 2.6M? That is nothing.
I prefer the "u" in honour as it seems to be missing these days.
Domain names? Who uses those nowdays? I just enter my QUERY into the address bar and voala! I get a page.
Search is the big winner not domain names, thats such a money laundering scheme by ICANN and just for suckers.
If something is GOOD then it travels by word of mouth, just like news.
A major pizza maker will spend more than that on TV advertising every month. It's nothing in the big scheme of things.
No sig today...
People who cant spel don't care that they can't spell. Ridiculing them is a waste of time, first, because they don't care, and second, because they can't tell that you're mis-spelling stuff.
Don't piss off The Angry Economist
BEAR STEARNS COS THE (NYSE: BSC)
... any real risk"? I call you insane.
Last Trade: 10.47
52wk Range: 2.84 - 159.36
The stock is down 93.5% from its high last year. You call that "never
Don't piss off The Angry Economist
I was discussing this at lunch yesterday with some coworkers, and most of us thought it was an incredible waste of money. How many people do you know that when they want something, they open up their browser and just type what they want plus .com right into the address bar? Only complete fools do that and I'm honestly sure that population subset is very small and made up of old people.
One guy was defending their position rather well though, he basically said that whenever you do non-internet advertising, such as on television or the radio, having a very simple URL is a necessity for having people remember it for later on.
Reviewing just the first hour of video games.
Bear Stearns is getting bailed out by the government (taxpayers). JP Morgan is getting the money to by BS from the government (taxpayers).
Sure, the stock is going to be worth less net now than it was last year. But that high was built on a bubble inflated by money lent from the Fed (taxpayers).
And even more to the point, Bear Stearns (and its shareholders, brokers and execs) raked in so many $BILLIONS over the past 10-20 years (much of which ultimately came from the Fed - taxpayers) running the way that eventually ran out, that it was totally worth the price of doing business when its shares collapsed. They made way more cash money operating that way than they lost on paper.
So I call you math illiterate, and a liar.
Meanwhile, the Republicans controlling the economy(ies) that pumped all that money through BS will do anything they can to avoid protecting the millions of people in the same economic straits who are going to lose their homes.
So I call you a thief, since your lies are protecting the Republican wealth redistribution from most Americans to banks like Bear Stearns, and the even risk-freer ones like JP Morgan.
Your free market economy at work. Free of honesty, that is.
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make install -not war
Post a story about it on Slashdot?
Why is 2.6M for one of the most recognized words in the English (and other) languages ridiculous?
Dominos Pizza Market Cap: $843,000,000
Papa John's Market Cap: $725,000,000
Pizza Hut 2007 Sales: $26,000,000
TFA only says the domain was bought by an anonymous buyer which probably means that it wasn't an actual Pizza business that bought it.
The whois for pizza.com still shows Christopher Clark as the owner.
I'd guess it's along the lines someone wrote earlier - it was bought by a speculator who has some idea of the true value of the domain name. US$2.6M is nothing compared to what those chains spend in advertising.
If by "Fed" you mean the Federal Reserve, you are quite mistaken. You really should find out what the Federal Reserve is before you spout off as if you know what you are talking about. A good starting point is http://en.wikipedia.org/wiki/Federal_Reserve_System.
"Alcohol, Tobacco, & Firearms" should be a convenience store, not a government agency.
Do you know what your talking about?
I am suspicious that you do not have the credentials to be making these claims. Both of your posts use adjectives and vague numbers, suggesting to me that this info emanated from the wrong end of your body. Could you provide some concrete evidence? Not that I'm a cheerleader for the US banking system, federal reserve, fed government, plainly corrupt US markets, etc, etc, but you come off a bit delusional.
Do you think Bear Stearns should have crumbled? Do you want to see a bank run? What do you think happens to poor people then?
What I have found funny is that I work at a tech company, for the sake of this post let's go with "foobar", and I was over at a sales persons desk when I asked him to go to our homepage. "Just go to foobar.com", I told him. He goes and types "foobar.com" in the search box at the top of the Firefox chrome. "Wait wait wait, what are you doing?", I asked, "Why don't you just type it in the address bar and go straight there?". "What are you talking about, I am typing it in the address bar!", he replies. I grab the keyboard and show him how to type a URL into Firefox. "Oh, I didn't know you could do that with foobar.com", he said.
Apparently unless some people see something with http://www./ on the front, they have no idea they can stick it in the address bar. Google has become the gateway to the internet, even when you could get there directly..
I hate system admins like that who only provide a www dns entry. :(
I'm not a liberal. I don't support roe v. wade. My statement makes perfect sense, and was not flame bait in the least.
American conservatives claim to want free markets, yet consistently support bail outs like the one in the subject of this thread. They also support various subsidies. Or rather, they pick and choose subsidies to support.
American conservatives claim to want free markets, yet support a wide array of market tinkering. Therefore, my conclusion that what they actually want is zero tax burden is perfectly sensible.
There are many, many fundamental inconsistencies with American conservatism. Modern American liberalism suffers from inconsistencies as well. That's not to say that inconsistency in political ideology is always a negative. I'm reminded of this every time a libertarian advocates private ownership of public roads and interstates.
My observation was not meant as a slander, yet I guess I should have realized that it would have been taken that way. :/
And, byw, the reason I had ideology in quotes in my first post is that I'm not sure it is a completely legitimate use of the term.
FAQs are evil.