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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.
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.
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
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..