Retweet.com, a competitor to the much more popularTweetmeme service, has put itself on the auction block.

Retweet.com launched six months ago, declaring war on itsTwitter story aggregating competitor. The service did almost exactly the same things as Tweetmeme: discover the most retweeted and shared stories on Twitter while also providing website buttons for retweeting. Its controversial launch definitely turned heads.

Now we’ve received an e-mail from Mesiab Labs, the owners of Retweet.com, declaring that it has placed the website and technology up for auction on Flippa. The current price is $20,000 after 27 bids, with a month to go before the auction closes.

While the platform itself may not be anything special (Tweetmeme is, in our opinion, superior), both the domain and its current traffic are worth acquiring. Last month the site was able to garner more than 600,000 unique U.S. visitors, according to Compete.com. Still, that number is nothing compared to Tweetmeme’s 1.25 million U.S. visitors, which is probably why Mesiab Labs is putting the site up for sale in the first place.

We are including the letter we received in its entirety below. Let us know what you think of it, the Retweet.com platform, and the price it could sell for by the end in the comments below.

Letter from Retweet.com

Hey Ben,

We figured you might be interested in this.

We have listed Retweet.com on Flippa.com to spark a competitive
bidding process on the Retweet platform ( The Private Media Companies we’ve been
in talks with vs. Public High Profile Buyers ), as we believe it is now time for someone to take full
advantage of its potential considering the below:

When we initially conceptualized Retweet.com, we realized the
importance of the new shift that social media sites like Twitter are
making on how we filter and consume news. We developed and fostered
Retweet.com and its resulting network to help explore this concept.
It has been quite exciting to see stories break before some of the
major news media outlets and to watch blogs gain near mainstream
status. It’s also exciting to watch the pulse of the social world
shift and sway. But more than novelty, we are demonstrating
incredible new ways to apply crowd-sourcing to answer the question
“What matters, right now.”

There are some truly remarkable things about the term ReTweet. First,
as we all know it was created by the users of Twitter – NOT by the
Twitter itself. Second, like “Googling” something has become
synonymous with using a search engine, “Retweet’ing” has become
synonymous with the act of spreading online content virally.

While we aren’t the only ones in this space, we feel privileged to
participate.

Now that we’ve grown and scaled the Retweet network and
infrastructure, we’re ready to pass it on to someone who can truly
push it to the next level. We’re excited about the opportunity for a
new passionate owner to foster and grow Retweet.com and continue to
tap the potential of what is undeniably becoming a monumental shift in
news consumption.

If a suitable / qualified buyer is not found within our 30 day auction period, our
team of developers will continue to keep retweet.com fully operational
and ad-free.