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fotolog

Fotolog and the French

Maybe it's just me. Maybe I just don't get it. More about that in a moment.

First, I want to extend hearty congratulations to Scott Heiferman and Adam Seifer, on selling Fotolog to France's Hi-Media Group for $90 million. If anybody can pull down that kind of a payday, more power to them. When L' Homme wants to shower you with untold riches, who in their right mind would protest?

I'm not quite sure though what Hi-Media thinks it acquired. I have an idea what I think it thinks it's acquired. With roughly 10 million … Read more

Fotolog acquired for $90 million

A correction was made to this post: Fotolog's projected revenue is $2.3 million, not $2.3 billion. Dr. Evil would be proud.

Fotolog, a photo-sharing social network founded by Meetup co-founder and CEO Scott Heiferman, has been acquired. After several days of rumors that the company was up for sale, the French company Hi-Media Group announced on Monday that it had acquired Fotolog for $90 million in cash and stock.

As the Silicon Alley Insider notes, most of the New York-based Fotolog's 10 million-plus members are in Europe and Latin America. The company's 2007 projected revenue … Read more