Monday, February 07, 2011

A silk purse price for a pig's ear

There is one thing that is for sure about the internet, found something even remotely popular or chic? And people will beat a path to your door with boat loads of money.

Huffington Post, the liberal-leaning online news site that has been one of the Internet's start-up success stories, said it agreed to a $315 million buyout late Sunday night from AOL Inc., the elder statesman of online access and digital content.

Huffington and Huffington Post chairman Kenneth Lerer co-founded the site in 2005 and presided over its rapid growth. "HuffPo" said it turned a profit in 2010, but as a private company it does not publicly report its sales and earnings.

The companies said Sunday that about $300 million of the sale price will be in cash, with the balance in AOL stock - a spectacular return for Huffington Post, which was founded on a $1 million investment less than six years ago. It is privately owned by its two co-founders, as well as a group of investors.

I am sorry, but Huffington is nothing but a well financed and well publicized blog. And that is worth over $300 million? If that's true, then The Borg Conspiracy ought to be worth at least a million bucks.

Where are the takers? AOL? Call me! I will be glad to bust your bottom line and give you one helluva deal on a small start up.

Puh-leeasse! These people can't be serious. HuffPo is an intangible gaggle of leftist bloggers, led by a media leftist that spews bile and sputum as their regular bill of fare. And that is worth over $300 million? LOL!!!!

So, I wonder how long before the news surfaces of the timely demise of AOL. Spending money like that on trash talk, will not spike their corporate bottom line or enrich their stock portfolio and if anything, it will hasten their demise IMO.

But good luck anyway Arianna! Hells bells! If you can pull off a scam like that for $300 million? Then perhaps there may still be hope for some of us honest, but none the less politically incorrect bottom feeding bloggers. Call me......

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