Pour A Large Cup Of Coffee. CNN Acquires Mashable.Com

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Well, here is your “wake me up” story of the day.

According to TheSocialMediaToday.Com, CNN acquired the enormously successful Social Media Site, Mashable.Com for $200 million smackers. That’s a lot of travel and enjoy money.

Here is the background:

Mashable (Mashable Inc.) is a Scottish news website and Internet news blog founded by Pete Cashmore.The website’s primary focus is social media news, but also covers news and developments in mobile, entertainment, online video, business, web development, technology, memes and gadgets. Mashable was launched by Pete Cashmore from his home in Aberdeen, Scotland in July 2005.

With a reported 50+ million monthly pageviews and an Alexa ranking under 250, Mashable ranks as one of the world’s largest websites. Time Magazine noted Mashable as one the 25 best blogs in 2009,and has been described as “one stop shop” for social media. As of March 2012, it has over 2,775,000 Twitter followers and over 838,400 fans on Facebook.

I really have to start working harder on my site.

Congratulations to the folks at Mashable.Com, particularly founder Pete Cashmore. Your hard work and dedication have been amply rewarded.

Posted on March 14, 2012, in Social Media, Technology and tagged , . Bookmark the permalink. 2 Comments.

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