John Paczkowski

Recent Posts by John Paczkowski

Here's Another Domain You Might Buy: www.MainstreamMedia

When Santa Monica, Calif.-based incubator eCompanies paid $7.5 million in 1999 for the rights to the domain name–nearly twice what Compaq paid the year prior to buy, the name of its search engine–conventional wisdom was that the company’s founders were out of their minds. “It is going to be the bargain of the century,” eCompanies co-founder Sky Dayton told Internet World at the time. “It is going to look like we bought the island of Manhattan for $7.5 million and some beads.” That quote made him a bit of a laughingstock in certain circles and landed eCompanies the No. 35 spot on that year’s list of “The Dumbest Moments in e-Business History.”

Well, look who’s laughing now. is up for sale and some say it could fetch anywhere from $300 million to $400 million from media companies in need of some online growth–Dow Jones or the New York Times, for example. That’s quite a bit of money for what’s essentially a directory of sponsored listings. Still, it does make money–$15 million a year or so. So, a $350-million acquisition price would be 24 times current revenue. Not bad for an initial investment of $7.5 million and some beads …

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus