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:
“Always and everywhere children take an active role in the construction and acquisition of learning and understanding. To learn is a satisfying experience, but also, as the psychologist Nelson Goodman tells us, to understand is to experience desire, drama, and conquest.”
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