Stuart Lawley who most know from .xxx, (which he sold to MMX for $41million) has a new business and it's called AVSecure.com. The business is using the blockchain to provide age verification. AVSecure enables the consumer to manage access on their local devices rather than through an unrelated remote network. The consumer's browser becomes the central point in the process, not the servers or … [Read more...]
As Rightside (futures) Starts Trading Its Market Cap Is 260M Of Demand’s $465M
Rightside, the spin off of Demand Media which begins formal trading on August 1, started to trade on Friday on a pre-issue basis on the symbol NAMEV. Although shares are lightly traded the price is $14.30 which is up from an opening of $14 a share. Interestingly the market cap of Rightside as its trading under … [Read more...]
HowStuffWorks.com To Be Sold for 18 % of its 2007 Purchase Price
The Wall Street Journal reported that Discover Communications is selling the popular website, HowStuffWorks.com. They will be taking a loss on the sale as they are only realizing 18% of their 2007 purchase price. From the article: For Discovery Communications Inc., DISCA -0.49% the website HowStuffWorks.com proved to be one investment in digital media that didn't work. Discovery said … [Read more...]