Microblogging News

All about Microblogging

The last 4 days have raised Shoutitout’s value by almost 100k

As you probably have noticed, and we will talk about (IF IT EVER STOPS!?) is that Shoutitout has had quite the week.

So far the stats we know are, the last 3 days have been the most Shouts per day ever. There was, at one point, 11 Shouts a second. Lastly, there have been around 1.7 million Shouts since this all started.

I have Shouted some but have mostly just watched as shouts pour down the feed, the down side is that Shoutitout’s bill will skyrocket, but they recently switched to Amazon Cloud hosting so it shouldn’t be to bad. There is also a good side.

This crazy amount of Shouts has gotten the attention of several investing firms, the primary one is Porter Partners who is looking to invest 5.5 million in a “Twitter competitor.”

Shoutitout’s product is worth around 97,000 dollars but with the amount of money invested in it the site is worth around 4 million.

If the rumors we hear (and they are rumors) are true then Shoutitout could see a round of up to 20 million, which is HUGE for a site its size and would make it worth 24 million, which is notable.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: