Quote:
|
Originally Posted by KRL
Well it is possible when you build up large sites to have great revenues but not so great profits. You see this a lot when companies transition from profitable small operations and then go "grand" scale and the next thing you know they go belly up.
Mostly this occurs from bloated staff costs and overhead from non-essential corporate spending like traveling on private jets, buying luxury cars for execs, throwing lavish parties, non-productive marketing, etc.
I've seen many companies in the $1 to $10 Million range being just as profitable or profitable for the owner as companies doing hundreds of millions.
So just cause a significant company could do big revenues you have to see the bottom line to know what's really going on.
|
Well put. I know other guys in this business who have boats and Mercedes and lots of toys, which all add up.
Cohen has been described as an international con man. He is also a fugitive. So everything he says should be taken with a grain of salt.
The battle was more than just about ego, or who is more clever. Cohen wouldn't have fought so hard for SEX.COM if it were not a valueable asset.
I think Cohen is just trying to make himself feel better by muttering such non-sense. If anything, SEX.COM is appreciating in value, not diminishing.
Gary Kremen's use of it is another matter. It's not how I would use the domain, and I feel it is underutilized.