# Professor Scott Galloway comments on the decreased valuation of flash-sale website Gilt

1 Faculty News January 7, 2016 ![New York Post logo](/sites/default/files/styles/246w/public/assets/images/con_031743.jpg?itok=0h5FlsRq)>

Excerpt from [The New York Post](http://nypost.com/2016/01/07/gilt-sells-for-250m-after-once-carrying-a-1b-valuation/) -- "'The majority of these sites are gone or dying,' said [Scott Galloway](http://www.stern.nyu.edu/faculty/bio/scott-galloway), founder of L2 Inc. and a professor of marketing at New York University’s Stern School of Business."

[Read more](http://nypost.com/2016/01/07/gilt-sells-for-250m-after-once-carrying-a-1b-valuation/)