Last week, United Online canceled it's IPO of Classmates.com. Apparently, I wasn't the only one who questioned the logic and growth prospects of their subscriber model. Investor skepticism seems to have doomed United's intentions for good.
I wrote back in October that Classmates was headed toward oblivion - out of touch with the young social networkers of today, and competing with free.
I guess United Online deserves some credit for doing the right thing. The IPO would have been so much more embarrassing for them had it been carried out.
Comments (1)
Lately I have been trying to find any kind of information for my project, but unsuccessfully. Now it seems like I finally found a lot. This is the greatest site among all internet-sources.
Posted by XeetX2 | April 9, 2008 3:48 AM
Posted on April 9, 2008 03:48