Comments on: Rumor Mill: Community Connect for Sale? http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/ Covering Web 2.0 Trends on African-American Websites and in African-American Culture Sat, 05 Jul 2008 18:46:54 +0000 http://wordpress.org/?v=2.5.1 By: urbantech http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-3141 urbantech Sun, 13 Apr 2008 18:53:52 +0000 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-3141 Its a great acquisition for Radio One, but a very sad day for minority owned and focused internet start ups. If a company like Communty Connect can only get a $38 Million dollar valuation, and a site like Meebo can get a $850 million dollars valuation and acquisition, and it has less then half the traffic of CC's one property, Blackplanet.com, its a very sad day indeed. A quick query on Compete can show you what I mean: http://siteanalytics.compete.com/blackplanet.com+meebo.com+myspace.com/?metric=uv Toby "URBANTECH" Morning Its a great acquisition for Radio One, but a very sad day for minority owned and focused internet start ups. If a company like Communty Connect can only get a $38 Million dollar valuation, and a site like Meebo can get a $850 million dollars valuation and acquisition, and it has less then half the traffic of CC’s one property, Blackplanet.com, its a very sad day indeed.

A quick query on Compete can show you what I mean:

http://siteanalytics.compete.com/blackplanet.com+meebo.com+myspace.com/?metric=uv

Toby “URBANTECH” Morning

]]> By: Community Connect bought buy RadioOne for $38 million | Black Web 2.0 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-3033 Community Connect bought buy RadioOne for $38 million | Black Web 2.0 Thu, 10 Apr 2008 23:12:27 +0000 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-3033 [...] today for $38 million. We broke the news first on Community Connect being up for sale back in February. Community Connect owns BlackPlanet.com, MiGente.com, and AsianAve.com.  This is a major move in [...] [...] today for $38 million. We broke the news first on Community Connect being up for sale back in February. Community Connect owns BlackPlanet.com, MiGente.com, and AsianAve.com.  This is a major move in [...]

]]> By: MySpace Latino > MiGente | Black Web 2.0 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2774 MySpace Latino > MiGente | Black Web 2.0 Tue, 01 Apr 2008 07:57:20 +0000 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2774 [...] database? (Unfortunately MySpace and its parent News Corp. were not rumored to purchase CCI in our previous post about the company’s impending sale.) But wouldn’t it make sense? Maybe not. On its own, [...] [...] database? (Unfortunately MySpace and its parent News Corp. were not rumored to purchase CCI in our previous post about the company’s impending sale.) But wouldn’t it make sense? Maybe not. On its own, [...]

]]> By: Blaq http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2344 Blaq Wed, 12 Mar 2008 20:12:07 +0000 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2344 You may have something there. But I understand why they are since computer ownership among Blacks may be lower than most because lack of disposable income. However, a recent study (I can't source at the moment) found or projected 80 percent of Blacks will have access to internet in their homes in the next 3 years. That's about 31 million. I don't believe there is a product in the market or online that has been able to capture the true value, yet. But I agree with you corporations are sometimes late to the party when it comes to the online ethnic market. This presents a heck of an opportunity for a company that can give this community a reson to log on. You may have something there. But I understand why they are since computer ownership among Blacks may be lower than most because lack of disposable income. However, a recent study (I can’t source at the moment) found or projected 80 percent of Blacks will have access to internet in their homes in the next 3 years. That’s about 31 million. I don’t believe there is a product in the market or online that has been able to capture the true value, yet. But I agree with you corporations are sometimes late to the party when it comes to the online ethnic market. This presents a heck of an opportunity for a company that can give this community a reson to log on.

]]> By: markus http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2327 markus Tue, 11 Mar 2008 20:46:47 +0000 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2327 I agree that they understand that African-Americans have and spends money, but I don't believe that corporations, until recently, saw the web as a viable medium to attract African-American dollars. I agree that they understand that African-Americans have and spends money, but I don’t believe that corporations, until recently, saw the web as a viable medium to attract African-American dollars.

]]> By: Blaq http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2320 Blaq Tue, 11 Mar 2008 17:46:14 +0000 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2320 I would argue that companies already know how valuable the black market is. Let's take one segment of the African-American---women. Black women are the fastest growing segment among blacks in fact the buying power of Black women exceeds that of Latinas and Asian women combined, at $450 billion, and expected to grow to $600 billion in 2008. So, it makes good business cents (sense) to go after a profitable business' that target markets like African-Americans. The real question is who will benefit. I would argue that companies already know how valuable the black market is. Let’s take one segment of the African-American—women. Black women are the fastest growing segment among blacks in fact the buying power of Black women exceeds that of Latinas and Asian women combined, at $450 billion, and expected to grow to $600 billion in 2008. So, it makes good business cents (sense) to go after a profitable business’ that target markets like African-Americans. The real question is who will benefit.

]]> By: Black Planet Ranked Among the top Social Networks | Black Web 2.0 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2247 Black Planet Ranked Among the top Social Networks | Black Web 2.0 Sun, 09 Mar 2008 22:05:59 +0000 http://www.blackweb20.com/2008/02/19/rumor-mill-community-connect-for-sale/#comment-2247 [...] Twitter. Black Planet also saw growth of 9% in terms of total US visits since February of 2007. The rumored Community Connect acquisition is now really starting to make [...] [...] Twitter. Black Planet also saw growth of 9% in terms of total US visits since February of 2007. The rumored Community Connect acquisition is now really starting to make [...]

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