Record Sale on Flippa – Retweet.com Sells for $250,000
Posted on March 10th, 2010 by Luke Moulton
Retweet.com, listed for sale on Flippa.com last month, has just sold for $250,000. The successful buyer knocked out other interested parties with a Buy It Now offer $48,000 higher than any other bid.
Retweet.com, a competitor to Tweetmeme, finds the most retweeted stories on Twitter while also providing online publishers with the ability to add a Retweet button to their website.
The most interesting aspect of this sale is that Retweet has no reported revenue. As stated in their auction listing:
“We have never tried to monetize Retweet as it was built from the beginning to be acquired. We are a team built primarily of developers, not salesmen. “
The site does however receive plenty of traffic with 12 million visitors per month and has a healthy PageRank of 5.
We wish the new owner well with their purchase.
Comments (34)
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March 10, 2010 - 11:12 am
Very nice. Congratulations.
March 10, 2010 - 11:56 am
Whoever bought this service for sure knows what he’s doing. I think that the sellers did a great job creating this website but sold it at an early stage. If they could wait a bit, this would be a much bigger buyout.
Good luck with the website buyer
Angel
March 10, 2010 - 12:04 pm
Any word from the owner on HOW he/she plans to monetize this site?
Although it could be that the buyer has MAJOR plans to redirect traffic, and not monetize the site at all.
Terribly curious on this one. Hopefully the buyer will reveal his intentions.
Or maybe not!
March 10, 2010 - 1:38 pm
Congrats to the buyer, please let us know your intentions!
March 10, 2010 - 3:41 pm
Congrats… it’s good to see sites like this does in fact exist and sites of this quality get sold.
Well done to the seller and the new owner, i wish you much more success.
March 10, 2010 - 4:27 pm
Congrats and the price it sold for is unbelievable..
March 10, 2010 - 5:33 pm
COngratulations, to all
we have beeen following the auction,
and it was great to see such a big transaction
happening on Flippa site
March 10, 2010 - 7:28 pm
Congratz to the new owner
March 10, 2010 - 7:34 pm
Congratulations to the buyer, seller and the Flippa team. This is an awesome example of the reach of your marketplace.
March 10, 2010 - 9:56 pm
Very very fantastic, congrat congrat both for the seller and buyer
March 11, 2010 - 12:48 am
Wow – an authority site sold at what I considered as ‘affordable’.
I wonder how it will be monetized though… freemium business model perhaps? (e.g. members pay for services available only for subscribers)
Congrats and I agree to Michell Adams, the sales prove the reach of Flippa marketplace.
March 11, 2010 - 12:52 am
Great chess Move on both ends..I was interested in Retweet as well but got knocked out by the big boys on Flippa
Good Luck with the site.
March 11, 2010 - 5:15 am
Does the new owner have the option of keeping the sale private?
March 11, 2010 - 5:23 am
I remember reading on techcrunch that they were going to be in legal trouble for the design so similar to tweetmeme. Who knows though. The 250k was hopefully spent wisely and there is a plan in place to actually monetize. http://schindyguy.com/2010/retweet-com-sells-for-250k-but-why/
March 11, 2010 - 6:07 am
Hard to believe someone forked out a quarter of a million dollars for a site with no income! can you please give me his contact info..lol!
Anyway, good for flippa, hope they got their fees, they deserve it.
March 11, 2010 - 6:18 am
Great sale. It is hosted on Amazon.com
March 11, 2010 - 7:08 am
I have been following the bids for last few weeks!
It was great, congratulations to Flippa, the seller & of course the buyer!
mr akmal
March 11, 2010 - 9:09 am
I want to know if they bought the $99 listing or if flippa gets 5% or a cool $12,500.
March 11, 2010 - 10:19 am
Adam,
The Flippa success fee is capped at $498, so we definitely don’t get $12,500.
March 11, 2010 - 9:57 am
Congrats to the sellers on your execution of a good idea.
Now if more buyers would come out of the woodwork and click my name..
March 11, 2010 - 11:08 am
wowww …………
Congratulations ^_^
Good luck with the website buyer
March 11, 2010 - 2:19 pm
Ok, now I’m going to list PleaseRetweet.com and PlsRT.com on Flippa…. standby everyone… should have it up in a couple hours
March 11, 2010 - 2:48 pm
Congrats to both seller and buyer.
That is an encouragement to aim high for the next big project.
PS.To PleaseRetweet.com, why not? Maybe another record ?
March 11, 2010 - 4:51 pm
I’ve put the auction up for PleaseRetweet.com on Flippa in case anyone is interested:
http://flippa.com/auctions/87325
March 11, 2010 - 7:31 pm
wow that’s great Retweet.com Sells for $250,000, i am just waiting to see the Sex.com domain rate, which is going to be auctioned off on Mar 18 http://xrl.in/4rgq
March 12, 2010 - 3:47 am
The seller bought the $99 fee listing
March 12, 2010 - 9:44 am
Kinda sucks for the site owner that you write a post all about their site selling, yet don’t link to them but drop a link to their biggest competitor
March 12, 2010 - 10:27 am
Fair point! I’ve updated the post with a link to Retweet… although I’m sure with all the coverage this sale has received, they probably don’t need it!
March 13, 2010 - 2:00 am
that really cool & big buck for the seller
March 13, 2010 - 11:30 am
Congrats to flippa.com. Glad to see there is a place where real businesses can sell their sites. Flippa has set the bar high.
March 13, 2010 - 5:12 pm
Well done Tyson, we hope your current project will go for $1m… now that your team started to crack the matrix each and every time.
Keep up the good work, Flippa. Thanks for competing with Sedo.com and Afternic.com…
L+O+M from VIPenterprise.com
March 13, 2010 - 7:29 pm
So flippa just got $498 out of it right? Since flippa says “Maximum Success Fee: $498″
March 14, 2010 - 12:26 am
What’s Twitter?
March 15, 2010 - 4:33 am
This shows that people view twitter as a long term phenomenon and socialmedia in general since traffic can be redirected when needed.
Media is becoming more and more social in nature and more and more measurable and is moving online quickly.