The a:c Devalues Gawker Media
March 22, 2005
Our mailbag was full of advice and scorn about the finger-in-the-wind model we used to establish that Gawker Media’s valuation could be reasonable at $274M. Based on input from superior mathematical minds - we’re paid to be scribes not auditors - we have summarily decided to downgrade Gawker Media’s base value to one-fourth $274M or $68.5M. The reason for the downgrade is that we were under the impression that Gawker Media enjoyed 28.5M monthly unique visitors, when in fact that number represents total visits. A rule of thumb is to divide total visits by 4 to get to unique visits.
However, we stand by our finger-in-the-wind model and urge the HBS-MBA-Goldman flunkies to give it a try.
Read: Can Gawker Media Be Worth $274 Million? - [a:c]
Advertisements
2 Comments
leave one →
Edmonton dominated the Carolina Hurricanes on Saturday night and the 4-0 margin in Game 6 makes it hard to imagine the Oilers not hoisting hockey’s Holy Grail above their heads in less than 48 hours. And it would not come as any shock to see defenseman Chris Pronger, who had another 31-minute night, take the honors for the Conn Smythe Trophy as the playoff MVP.
Edmonton dominated the Carolina Hurricanes on Saturday night and the 4-0 margin in Game 6 makes it hard to imagine the Oilers not hoisting hockey’s Holy Grail above their heads in less than 48 hours. And it would not come as any shock to see defenseman Chris Pronger, who had another 31-minute night, take the honors for the Conn Smythe Trophy as the playoff MVP.