Once Valued at $1.8B, OnLive Was Sold For Only $5M 168
gabebear writes with details of what happened to OnLive back in August: "In a firesale, OnLive, which was once valued at $1.8bn, was sold for practically nothing. Workers are mostly losing their jobs and stock options and investors are having to write off their investment."
More details.
Bet we'll be seeing this with Facebook one day too (Score:5, Funny)
Once over-hyped at $28 billion, Facebook sold today for $523 and a case of beer.
but its the cloud (Score:5, Funny)
i remember when onlive first came out i dumped my xbox and all my games in the garbage to join up. i mean gaming in the cloud is so much better than doing from a hard drive
i know you end up paying more than owning physical games, but its da cloud. its the future and so much cooler
Re:Valuation (Score:5, Funny)
I once valued my microwave at $1,100,000 but ended selling it for $20 on Craigslist. There was disappointment all around.
As well, I once had an idea for a jetpack that I valued at $20 billion AUS dollars ("billion" with a "b"). Unfortunately I sold that idea for a pint of Fosters to work colleague.
Yeah, but you didn't sell shares to clueless investors. Loser.
Re:Valuation (Score:2, Funny)
>> $20 billion AUS dollars
>And how much is that in real money?
About $20,484,000,000 USD.
Not USD, GP asked for real money!