FLT 1.52% $17.39 flight centre travel group limited

purchased social networking site, page-2

  1. 290 Posts.
    It is a little intriguing.......the market didn't like it cause its not 'core travel' but more a 'website business'........

    But what are we talking about in FLT.........we are talking about a company started by an entreprenur or a few from nothing.....and is still being run by Scroo, an entreprenur who does not make ridiculous large acquistions generally but is willing to back small growing businesses......eg. 99 bikes run by his son, employment office, hell, every FLT store is run on entreprenur model

    And now we have this UK website, started by an entreprenur, still run by the same dude, who retains a 20% skin in the game........

    I think its awesome in a 'larger corporate', that they will back entreprenurialism......and you get it almost for free.....I think Scroo pays himself $50 000 a year...

    There is a bit of Birshire Hathaway about FLTs management and entreprenurialism
 
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