Tribe sold for only $3 million
In a sign that reality is starting to come back into Web 2.0 valuations, Valleywag reports that social networking grandfather Tribe.com was purchased by Cisco for only $3 million.
Having said that though, are any 901am readers users of Tribe? I’ve heard the name many times in the past, but for the life of me I couldn’t actually tell you what it did until I revisited the site for this post. It’s fair to say whatever the site does, revenue would be lacking. The main page consists of 1 Adsense ad unit in the footer, which gave me a totally unrelated ad:
With an Alexa ranking on 2,677 though $3 million makes it a reasonable buy, after all, imagine how much
spam content you could pump into those pages :-)