Friday, Feb 29, 2008
Rightmove isn't a VI after all
FT: Rightmove benefits from slowing housing market
Would you believe it ?
"The property sales portal is paid by advertisers on a subscription basis per month, which means that the longer new-build property stays unsold and on its website, the more it earns."
"....revenue rose 69 per cent ..."
Posted by voiceofreason @ 09:16 PM (614 views) Add Comment
8 Comments
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1. Mikelivingstone said...
How cool is that! If I was Hedge fund I'd buy Rightmove as a hedge against the property market/estate agents.
Given how far house prices will fall, perhaps Rightmove will be the next Google.
Gold is to Dollar
as
RightMove is to House Prices.
2. mark wadsworth said...
Tee hee. Or as others would have it MWAH HA HA HA
3. happyrenterz said...
Smart business model !!
4. mark said...
any way at all of talking themselves up, they (the directors) should be ousted for telling porkies to keep share prices up...
5. wiltshire said...
Nevertheless I bet Rightmove are bricking it. Bankrupt developers aren't at all good for revenue.
6. geed said...
[b] bold [/b] [u] text [u/]
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