LiveJournal was bought by a Russian company, SUP. As I pointed out earlier, the weak dollar makes foreign investment much easier. For the sake of math, let’s assume LJ is worth $1M. That’s 25M rubles now, but would have been 29M rubles two years ago. Don’t be surprised to see a few more of these international deals go down as the dollar continues to plunge. If OPEC pulls out of the dollar standard for oil, US companies will only be more attractively priced for overseas investors.
Dollars for nothing and your LiveJournal (almost) for free
tags: the long view