Friends Reunited Who?

It was one of my first blog posts back in October 2007 when I complained about Friends Reunited being rubbish and wondering why ITV had bought it for the not-inconsequential sum of £120m.

Now, ITV have sold it to the Brightsolid company for a huge loss at £25m. This also interests me, because I’m quite interested in genealogy and the OFT is complaining about the lack of competition this sale will leave in the market.

I think that’s the first time I’ve ever got a financial or market prediction correct.