Re:Show HN: Holy shit Lycos still exists
by InclinedPlane on Wednesday March 07, 2012 @07:17PM
(#3677992)
To add some seriousness to this very unserious and "fluffy" submission:
Lycos was acquired for the princely sum of $5.4 billion at the peak of the dot-com bubble. It was "flipped" less than 4 years later for $94 million, and then sold again about 2 years ago for $36 million, after spinning off various non-core components like Wired News. It seems like they might have stabilized after simplifying and focusing their business, they seem to have low overhead costs, a small employee footprint and decent revenues in the $25 mil/year range.
With the latest round of changes it seems that they might be able to stick around indefinitely. I wonder what it must be like to work at a company that is so diminished from it's hey day.
Lycos was acquired for the princely sum of $5.4 billion at the peak of the dot-com bubble. It was "flipped" less than 4 years later for $94 million, and then sold again about 2 years ago for $36 million, after spinning off various non-core components like Wired News. It seems like they might have stabilized after simplifying and focusing their business, they seem to have low overhead costs, a small employee footprint and decent revenues in the $25 mil/year range.
With the latest round of changes it seems that they might be able to stick around indefinitely. I wonder what it must be like to work at a company that is so diminished from it's hey day.