Who doesn’t love being right? Two weeks ago, we wrote that online video sharing platform Revver was looking at a fairly bleak and short future.

Our good friend Wendy Davis at MediaPost confirms today in her Just an Online Minute column that they are shopping themselves, and at quite a bargain.

According to Wendy….

The Los Angeles-based Revver is seeking between $300,000 and $500,000, as well as assumption of around $1 million in debt, CNET reports. Additionally, staff reportedly has shrunk to half of what it was in 2006.

As I’ve written extensively, maybe there’s just content that isn’t monetizable. Fun to watch. Lousy business. To all of OVW’s friends who work there, we’re sorry. But we told you so!

Tags: , Revver

This entry was posted on Wednesday, February 6th, 2008 at 2:04 pm and is filed under News, Real Ads, User Generated, Viral, Web 2.0, advertising. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.