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Social Net Site Is Said to Be for Sale: How can they ask $100 million for this?

Plaxo, an early social networking site that helps people keep their address books updated, is up for auction, people briefed on the offering said Wednesday night. The company, which has not made a profit, is seeking as much as $100 million, these people said.

It’s never made a profit, it sucks on top of that, and most people hate it. Yet they have the cohones to ask for $100 million. Why is that? Oh yeah, because they have the contact information of millions of people to barter with. Nice.

Deane | January 3, 2008
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Comments

It’s spelled “cojones”.

You’re welcome!

Bob Smith | January 3, 2008 3:04 PM

What, no comment from Stacy Martin yet?

Dave | January 3, 2008 7:20 PM

Wow. I left well over a year ago and people still remember my name. Now that’s love!

Stacy | January 3, 2008 8:45 PM

What can we say, Stacy; you left an impression. Not a positive one mind you, but definitely an impression.

So, Stacy; what’s the insider’s spin on this news?

Dave | January 3, 2008 9:30 PM

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