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**financialtraffic** · 10-07-2008, 08:53 AM

So, none of you know that BankRate actually paid more than double this amount for a three word domain also run a one-man team?

They paid $32 million cash for CreditCardGuide.com.

http://www.reuters.com/article/rbssT...0080911?rpc=77

To me it smells like a company dealing with a bursting banking bubble and a stagnant revenue stream by throwing its hoarded cash in all directions. But, time will tell I suppose if these acquisitions have any real staying power. I for one haven't heard of any of these companies that they've been paying 10s of millions of dollars for. Since many of these sound like they've only been around for a year or two, it's better than hitting the lotto for the sellers in my opinion.

10-07-2008, 08:53 AM	#24 (permalink)
financialtraffic DNF Regular Last Online: Today 08:20 AM iTrader: (27) Join Date: Mar 2005 Posts: 869 DNF$: 5,665	So, none of you know that BankRate actually paid more than double this amount for a three word domain also run a one-man team? They paid $32 million cash for CreditCardGuide.com. http://www.reuters.com/article/rbssT...0080911?rpc=77 To me it smells like a company dealing with a bursting banking bubble and a stagnant revenue stream by throwing its hoarded cash in all directions. But, time will tell I suppose if these acquisitions have any real staying power. I for one haven't heard of any of these companies that they've been paying 10s of millions of dollars for. Since many of these sound like they've only been around for a year or two, it's better than hitting the lotto for the sellers in my opinion.