FRIENDS REUNITED sold for £90million LOSS

Discussion in 'General Chat' started by 5ky.com, Aug 6, 2009.

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  1. #1
    NEWS JUST IN:

    The British TV company ITV, which bought Friends Reunited for £120m in 2005, have just offloaded it for £25m.

    That's a £95 million LOSS, blamed on an advertising slump.

    The site has 21 million registered members and does what the name suggests :p
     
    5ky.com, Aug 6, 2009 IP
  2. Kerosene

    Kerosene Alpha & Omega™ Staff

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    #2
    I think they were around before Facebook. But their site always sucked. And they didn't allow you to post your email address anywhere.
     
    Kerosene, Aug 6, 2009 IP
  3. turnhardtoeasy

    turnhardtoeasy Active Member

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    #3
    Thaz a huge loss...

    ny ways may be the new owner will make a good use of it now ;)
     
    turnhardtoeasy, Aug 6, 2009 IP
  4. teckinik

    teckinik Peon

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    #4
    The major reason is less features compared to nowadays social networking websites.
     
    teckinik, Aug 6, 2009 IP
  5. Bohra

    Bohra Prominent Member

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    #5
    They must have made some profit from the site then only they must have sold it. So we cant say completly 90 million LOSS
     
    Bohra, Aug 6, 2009 IP
  6. Love*

    Love* Well-Known Member

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    #6
    They did not spend enough to better the site and make it just as good as - or better than - the competition.
     
    Love*, Aug 6, 2009 IP
  7. er.cs.che

    er.cs.che Banned

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    #7
    i have heard about this for the 1st time thanks anyws
     
    er.cs.che, Aug 6, 2009 IP