Why wouldn't he sell it? They're not making money from this site & to upgrade the site to the kind of experience the community has been demanding would take even more funds.
Basically they're at a standstill. Their only options are
1) Keep investing money & HOPE they make it back
2) Sell the site to someone that actually has a vision of where to take it
3) Not sell the site, keep paying for hosting (I imagine they have one of the more expensive plans) & eventually close when you realize the income generated from advertisers doesn't exceed the costs
$90/day from a website like this is jack shit. This site should be bringing in $300+ a day.
|