“In a Periscope livestream, Portnoy told viewers that he sold 51% of his stake and the deal was less than $20 million — about a $10 million to $15 million valuation, specifically. Portnoy says his site is "very profitable" but that the valuation was based on revenue, not profit which "f----- [them] u…”— Biz Carson, David Portnoy, businessinsider.com