• ImplyingImplications@lemmy.ca
    1·
    1 year ago

    Some sites just are before their time. “Broadcast.com” was a website in 1995 dedicated to streaming shows and movies. In 1999 it was sold to Yahoo! for $5.7 billion. It failed and is considered one of the worst purchases in tech history (this was before Twitter). In 2007, Netflix would launch its TV show and movie streaming services and grow to be worth $197 billion.

    • Cliv Henby@feddit.de
      1·
      1 year ago

      Classic Yahoo!. Just like their one billion Tumblr purchase later on. They had no idea what to do with it until they sold it for peanuts years after.