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BuzzShed Rides The Fail Train
April 4th, 2008 at 1:32 amSource:TechCrunch
Bad news for San Francisco based ecommerce site Red Envelopean “upmarket online retailer with the primary goal of making gift giving easy and fun”: it’s about done. The company’s market cap is just $2.95 million even though it has cash on hand of nearly $12.3 million. The stock is trading at $0.23/share - it was […]Source:TechCrunch
Despite local reviews claiming “NZ Firm Leads Online Video Advertising Revolution,” BuzzShed has slashed payments after discovering failed models don’t get any better with age.
The revolutionary model: pay users to watch advertising.
We’ve seen the model many times before. Web 1.0 delivered services like AllAdvantage and a sea of clones. More recently BrightSpot.TV launched then failed, […]
