You would have done the same thing. STFU.
$1.1 Billion?
That is a lot of fucking money.
Don’t any of you dare tell me you wouldn’t have done the same damn thing.
“We’re interested in buying this website you created and invested virtually nothing in (as far as businesses go).”
“I don’t know.. I put a lot of time and work into it.”
“We’ll give you $1.1 Billion.”
What would you do?
Before answering, consider this:
How much $$ is really needed to create and maintain a website? You buy a computer. Maybe hire someone to do technical work.. Most likely run it from home so there’s no overhead [paying for the building the company is run from and all it’s utilities] other than maybe the standard home mortgage and utilities that you would have been paying any way. No stock to keep up with.
So let’s do a little theoretical math here.
- The average cost of a PC Computer in 2007 was between $650-$1,000.. But I saw numbers going up to $2,000 so we’re going to say it’s a beefed up computer with tons of extra memory, the latest graphics cards - the whole nine yards. We’ll throw a number out that would include insane charges for the customization of the computer ~ $10,000
- Internet connection averaged $19.99- $200 a month depending on speed and location between 2007 and 2012. So we’ll say $300 a month. It’s been up and running for about 6 years - 72 months. About $21,600 total cost.
- An employee making $20 an hour. Average working time is 40 hours a week - $800 a week. Average 4 weeks to the month - $3,200 a month. Over the span of 6 years that’s a total of $230,400 a year. So let’s say you hired 50 employees. $11,520,000
- Let’s throw out another $100,000,000 in miscellaneous expenses.
10,000 for the computer
21,000 for internet
11,520,000 for employee salary
100,000,000 for miscellaneous
_________
$111,551,000
That is how much was theoretically SPENT to keep this website up and running.
Not including the average 40% business tax in the USA or any other real life expenses (Payroll tax, income tax, and a shit-ton more).
Now, you are offered $1.1 billion ($1,100,000,000)
What would you do?
A. Tell them to shove off and keep with your loss of $111,551,000+ that you put into the website
B. Sell the website and make a profit of $988,449,000 that you can then use to create another website or whatever the fuck you want?
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“A shudder went through Wall Street on Friday after the revelation that Bloomberg News reporters had extracted subscribers’ private information through the company’s ubiquitous data terminals to break news. The company confirmed that reporters at Bloomberg News, the journalism arm of Bloomberg L.P., had for years used the company’s terminals to monitor when subscribers had logged onto the service and to find out what types of functions, like the news wire, corporate bond trades or an equities index, they had looked at. Bloomberg terminals, which cost an average of more than $20,000 a year, are found in nearly every banking and trading company. Bloomberg said the functions that allowed journalists to monitor subscribers were a mistake and were promptly disabled after Goldman Sachs complained that a Bloomberg reporter had, while inquiring about a partner’s employment status, pointed out that the partner had not logged onto his Bloomberg terminal lately. The incident led to broader concerns about the line at Bloomberg between its lucrative terminal business and the hypercompetitive newsroom, threatening to undermine the credibility of both. In a secretive world that thrives on opacity, traders and financial firms jealously guard every speck of information about their activity to avoid tipping their hand on their trades and investments. “On Wall Street, anonymity is critically important. Secrecy and the ability to cover one’s tracks is paramount,” said Michael J. Driscoll, a former senior trader at Bear Stearns who now teaches at Adelphi University. He added: “If Bloomberg reporters crossed that line, that’s an issue.” The news gathering technique appears more widespread than the Goldman incident, which was first reported by The New York Post. A preliminary analysis at Bloomberg revealed that “several hundred” reporters had used the technique, a person briefed on the analysis said. (Bloomberg employs more than 2,400 journalists worldwide. A spokesman declined to comment on the analysis and said no reporters had been fired.)”
—The New York Times, “Privacy Breach on Bloomberg Terminals.”
Yikes.
