Business Insider appears pretty confident in the story it wrote today about hyperlocal octopus Patch.com:
EXCLUSIVE: Now We Know AOL?s Patch Revenue ? And It?s Tiny
The always-churning news site touts some ?documents we?ve obtained from a source.? Those documents, it says, indicate that Patch.com?s ?outside sales force generated just $7.8 million .?.?. in revenue through the middle of December.? At the same time, it reports that AOL CEO Tim Armstrong sunk $140 million into Patch.com in 2011. Thus setting up this graph:
Read full article >>Source: http://feeds.washingtonpost.com/click.phdo?i=8f47223c17006311de42b0bd5d159c57
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