Investing.com was sold for $2,450,000 in 2012. Well now according to Globes.co.il the business that was built on that domain name sold for $500 million. An international investment fund based in East Asia has acquired Investing.com for $500 million.
From the article:
Dror Efrat and three others founded the company in 2007. Efrat, who grew up on Kibbutz Urim in southern Israel, served as CEO of Investing.com for its first 11 years of operations. After his IDF service in an elite commando unit, he moved to the US and worked in the trading room in Wall Street where he learned about financial markets. Efrat bought the Investing.com domain for $2.45 million, several years after setting up the company.
Read the full story on Globes.co.il
Some people have far too much money to spend
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