Michael Arrington at TechCrunch reports on the sale of German language Facebook Clone Studivz for 100 million Euros (sorry, no idea how to type the Euro symbol). The site apparently does have 1 million users who one would presume would primarily reside in Germany, but 100 Euros per user as an acquisition price? WTF? It’s not as though the entry level to these sorts of sites is particularly large, it’s easy enough to pick up a MySpace or Facebook clone script from Scriptlance for roughly $100 US, and with a bit of money and some clever marketing it’s not that hard to pick up a decent size user base….100 euros per user is crazy! Surely being a German language play as well it would also have fairly limited growth potential, unless there is something special in the back end that could see it break into non-German language markets in the future.
I’m still not convinced it’s a full blown bubble yet, but certainly the amount of froth continues to increase. I’ll go back to shaking my head now, and plotting a potential Web 2.0 play for later in the year 🙂