tardme sold for...
on interest a day, works out around $9,000 a day based on 5% interest rate..
set up for life, just doesn't cut it..
I can't even comprehend what it'd be like to have that much
NZ Herald report
frequent infrequenter
700 milllion bucks..
tardme sold for...
on interest a day, works out around $9,000 a day based on 5% interest rate..
set up for life, just doesn't cut it..
I can't even comprehend what it'd be like to have that much
NZ Herald report
Born To Fish - Forced To Work.
Imagine how many bags of mixed lollies you could get for that!!!.
I may actually even add a Suzuki to the garage if I had that sort of money.
Poser on the green whale
trademe would be making more than $9000 a day...
500,000 auctions a week. (think about the listing and success fees on that)
advertising on a site which recieves over half new zealands internet traffic every day.
its also the dating site, old friends, the works.
not bad for a 25 year old... wonder what kind of bike he'll buy first?
hopefully fairfax dont fuck it up like they did with Stuff and Cuisine...
gone.
oooooo it purrs..... stroke me
just herd that on the radio, makes me want to ride tol Wellington and slap everyone of them when i get a reminder for being 56 cents in debt and then threatened that i won't be able to use trademe till my debt is paid....
oooooo 56 cents......
Cibby play thing
Forum whore
Anybody wanna help me set up an aution site based out of the Cayman Islands?
They shall not grow old as we that are left grow old.
Age shall not weary them nor the years condemn.
At the going down of the sun and in the evening,
we will remember them
frequent infrequenter
no, 9gs a day is what $700,000,000 makes you if it sits in the bank. Not what TM is pulling in each day..Originally Posted by Lazy7
Large Falcon Collider
If only i could make money out of my online betting website.
"If life gives you a shit sandwich..." someone please complete this expression
.....your time is coming
I'll lend ya the petrol money matey........
Would you like some CANDY!?!?!
How did the mess up stuff.co.nz since they got it? It has changed little.
But yeah 700M.. Whoa..
For whom the bell tolls
haha im with postie...
buggy- i think what he's saying is that there woulda been more money in keeping trademe than just getting the interest on the $700m
either thats one rich 25year old... i've got 6 years to go, let see how i go
KiwiBitcher
where opinion holds more weight than fact.
It's better to not pass and know that you could have than to pass and find out that you can't. Wait for the straight.
frequent infrequenter
what, so if you had tm, you'd hold onto it in hope that you could earn more than 9g's a day, after you've paid the staff and bills?
pfft.. doubtful.. no one earns that sort of mula in a day job..
frequent infrequenter
"Trade Me's founder and chief executive Sam Morgan will continue to run the business."
may be that'll be it's saving grace..??
but when you've just been given that much, how much incentive is there to keep things going as well has they have been?
Forum whore
real question is... what happens when eBay sees the amount of web traffic trademe is getting and decides to enter the nz market, trademe would devalue by half at least!
The guy played it smart... thinking about all the DotCom guys back in the day who were paper millionaires one day, and broke the next. Take the money, stick it in the bank and live off the interest... easy.
frequent infrequenter
eBay have looked at the NZ market, and TM is too fierce for eBay to do anything serious. So eBay put a tender in, along with a few others, to buy TM. Fairfax won the tender.. the amounts weren't disclosed, but eBay are obviously cheap cunts..
needs to work harder
He doesn't actually get all of it. Sam only owns 32% and so has to survive on a mere $224M. Messers Abbot, McCaw, Richter (who I do know vaguely and who I don't expect to do much more than spit on me from their penthouse flats any more) own another 30% - so approximately $70M for each of the boys - then the rest is owned by assorted angel investors who, presumably, propped up the company in times of need.
Lesson for the day, invest in tech companies in times of need. This is not formal investment advice
Actually in 999 cases out of 1000 it goes to custard. Being *why* Tardme is so expensive.
Sam applied to incorporate a company at 1PM on 31st August 1999. What were you doing then, and what's your excuse for having not made $35M/year since?
Dave
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