A correction was made to this post: Fotolog's projected revenue is $2.3 million, not $2.3 billion. Dr. Evil would be proud.
Fotolog, a photo-sharing social network founded by Meetup co-founder and CEO Scott Heiferman, has been acquired. After several days of rumors that the company was up for sale, the French company Hi-Media Group announced on Monday that it had acquired Fotolog for $90 million in cash and stock.
As the Silicon Alley Insider notes, most of the New York-based Fotolog's 10 million-plus members are in Europe and Latin America. The company's 2007 projected revenue is estimated at $2.3 million, expected to come from sponsored ad links (thanks to a deal with Google), banner ads and premium membership packages. A release from the publicly traded Hi-Media stated that Fotolog's membership has doubled this year and that the site is raking in 3.3 billion page views per month.
CEO John Borthwick will apparently stay with the company, at least for the time being.
If this isn't an opportunity, I don't know what is.
A professionally trained clown--he studied at the Ecole Philippe Gaulier in Paris!!!--has moved to Pacifica, Calif., a small town near San Francisco, and is looking to start a regular gathering of fellow clowns.
"In order to keep practicing and performing, I'd like to meet up (and) show what I have learned, and share our experiences," the clown, who does not give his name, wrote on Meetup.com. "My proposal is to lead some days workshop and see where this takes us to. What is most necessary is playfulness (and being) willing to have fun. It is not necessary be a professional, only good spirit is basic."
As a former clown school student--seriously--I have to admit I'm intrigued. Not least because I am surrounded by clowns, real and metaphorical, in my daily social and professional life. I guess the question is, who's going to bring the red noses?
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