BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Metacafe: Much ado about nothing]]>http://www.bloggingstocks.com/2007/02/07/metacafe-much-ado-about-nothing/http://www.bloggingstocks.com/2007/02/07/metacafe-much-ado-about-nothing/http://www.bloggingstocks.com/2007/02/07/metacafe-much-ado-about-nothing/#commentsFiled under: ,

Late last year, the buzz was that Metacafe -- a venture-backed video site -- was about to be sold for a $200+ million.

As is often the case, the rumor proved to be without much basis in fact.

But, according to a recent story in Reuters, Metacafe has hired a new CEO, Erick Hachneburg. He certainly has a nice resume; that is, his former gig was the senior VP at Electronic Arts (NASDAQ:ERTS).

True, YouTube is still the dominant player. Yet, Metacafe is no slouch. And, with a veteran CEO, the site should get more traction.

But, a big payday is probably going to have to wait awhile.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Metacafe: Much ado about nothing originally appeared on BloggingStocks on Wed, 07 Feb 2007 14:05:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Meta CafeMetaCafeWed, 07 Feb 2007 14:05:00 EST