Acquisition By Classmates Online
The company was acquired by Classmates.com for $10 million from creator, Gabriel Weinberg (founder of DuckDuckGo), in March 2006, transferring responsibility and duties to a larger company. The database had about 20 million users at the time of sale, meaning the email addresses were bought for about 50 cents per user. Despite the acquisition, the site still relies on word of mouth and friend referrals to grow.
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Famous quotes containing the word acquisition:
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)