Sale of Fetches $250,000
By on March 10th, 2010, a site very similar to Tweetmeme, launched back in August 2009. Everything at including the look, the functionality, the business model was just too similar to the original Tweetmeme site. A lot of people wondered how Retweet expected to gain any market share. It seems like after 8 months of struggling, the owners finally tried to get rid of it. was put up for an auction on February 17th 2010 and was finally sold for a decent sum of $250,000 yesterday. It seems there were a total of 45 bids before somebody decided to pay the Buy It Now price of $250,000. The identity of the new owner is still unknown. The auction took place on Flippa, a premium market place for buying and selling websites. This transaction fetched the highest price somebody has ever paid for a website on Flippa.

The site claims 12 Million uniques per month with 26 Million page views and no revenue. A lot of value is associated with the domain name and that probably was a big factor in valuing at quarter of a million dollars. One of the co-founders of was the young social entrepreneur Tyson Quick.

Author: Tehseen Baweja
Tehseen likes to write about Internet tools that make life easier. Check out his blog at for more good stuff or follow him on Twitter @tehseenbaweja

Tehseen Baweja has written and can be contacted at

Leave a Reply

Name (required)

Website (optional)

Copyright 2006-2012 Techie Buzz. All Rights Reserved. Our content may not be reproduced on other websites. Content Delivery by MaxCDN