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.
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