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Once Valued at $1.8B, OnLive Was Sold For Only $5M

Posted by ryuzaki0 on from the how-the-mighty-have-fallen dept.

gabebear writes with details of what happened to OnLive back in August: "In a firesale, OnLive, which was once valued at $1.8bn, was sold for practically nothing. Workers are mostly losing their jobs and stock options and investors are having to write off their investment." More details.

4 of 168 comments (clear)

  1. Bet we'll be seeing this with Facebook one day too by crazyjj · · Score: 4, Funny

    Once over-hyped at $28 billion, Facebook sold today for $523 and a case of beer.

    --
    What political party do you join when you don't like Bible-thumpers *or* hippies?
  2. but its the cloud by alen · · Score: 4, Funny

    i remember when onlive first came out i dumped my xbox and all my games in the garbage to join up. i mean gaming in the cloud is so much better than doing from a hard drive

    i know you end up paying more than owning physical games, but its da cloud. its the future and so much cooler

  3. Re:Valuation by Jawnn · · Score: 4, Funny

    I once valued my microwave at $1,100,000 but ended selling it for $20 on Craigslist. There was disappointment all around.

    As well, I once had an idea for a jetpack that I valued at $20 billion AUS dollars ("billion" with a "b"). Unfortunately I sold that idea for a pint of Fosters to work colleague.

    Yeah, but you didn't sell shares to clueless investors. Loser.

  4. Re:Valuation by Anonymous Coward · · Score: 2, Funny

    >> $20 billion AUS dollars

    >And how much is that in real money?

    About $20,484,000,000 USD.

    Not USD, GP asked for real money!