steviedeluxe

Amazing price - but well done to Martin Lewis.

http://www.telegraph.co.uk/finance/p...of-money.html#

mikelincs

He's giving something like £10 million to charity, including £1 million to the CAB, he gets a percentage after 3 years provoding he has met certain targets. Lloyds Bank wanted to buy it, but he refused to sell to them.

fionamw

Remains to be seen if people still regard it in the same light, though. I wouldn't be so churlish as to call it a sellout, but I suspect Money Supermarket might find they've paid over the odds as savvy consumers leave in droves.

Domino

so in a couple of years he will buy it back for a tenth of what he sold it for and get it back running again.

steviedeluxe

Once it loses core numbers and a competitor takes over (of course this is not necessarily inevitable, as he's still going to run the site for 3 years) it's very hard to claw custom back. How many people use Friends Reunited on a regular basis now, since Facebook has dominated the social network market?

Domino

but its happened before and could happen again, ML has been on a personal crusade on this, it is his baby, if it deviates too far he will leave, hopefully not having the frustrating time that Waterstone had in trying to get it back.

FR went downhill after it was sold - ostensibly to get more funding but it never moved with the times. The original founders just took their money and ran, I don't think ML is that sort, he is used to being high profile, the mouthpiece, with people queueing up to ask him.

steviedeluxe

I see LinkedIn are in a spot of bother. Without going too technical they saved passwords in an unsafe format without using a technique known as "salting". This meant an intruder could work out enough passwords to be able to decode the vast majority of stored ones. A basic flaw that a half decent developer would never have allowed - no doubt they outsourced the coding to a cheap supplier.

Anyone who has a LinkedIn account is advised to change it. Make sure also your passwords are not similar in different sites. Who knows how many other websites have such lousy security measures.