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gnulaw (51.61)

BREAKING NEWS...FOUNDER CEO THINKGEEK (NASDAQ:GKNT) RESIGNS...KEN LANGONE REPLACES WITH FRIEND OF RECENT GKNT BOARD APPOINTEE AND CONVICTED EX-WALMART VICE-CHAIRMAN...STORY DEVELOPING...

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September 08, 2011 – Comments (3) | RELATED TICKERS: WMT , HD , GKNT

 

 

 

BREAKING NEWS...FOUNDER CEO THINKGEEK RESIGNS LESS THAN TWO WEEKS AFTER SLASHDOT FOUNDER RESIGNED...KEN LANGONE REPLACES WITH FRIEND OF RECENT GKNT BOARD APPOINTEE AND CONVICTED EX-WALMART VICE-CHAIRMAN...STORY DEVELOPING...

 

 

 

 

 

3 Comments – Post Your Own

#1) On September 08, 2011 at 9:29 PM, gnulaw (51.61) wrote:

GKNT Short-interest. What did they know and when did they know it?

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#2) On September 09, 2011 at 8:06 PM, gnulaw (51.61) wrote:

Geeknet has now officially transformed itself from a potential ten-bagger (circa 2007) to a train wreck (September 8, 2011). Their last visionary resigned leaving the company with only one option, to immediately put itself in play 1. before a Thinkgeek exodus and or 2. by February 2012 before the sexagenarians drive GKNT shareholder value into the ground. Losing the visionary of its dominant growth business unit could be fatal as Caroline Offutt founded Thinkgeek and built its culture. Her entire team was an extension of her mindset, values, and passion. Ken Langone and his "partners" failed to build SourceForge.net into the dominant collaborative open-source ecosystem and now has arguably killed Thinkgeek. Offutt should have been made CEO and Chairwoman of Thinkgeek and a top gun from Amazon or Best Buy should have been tapped as President and COO (one year ago). Fatal mistake(.) Geeknet is now accordingly in play. The sooner Langone realizes this the more he will secure for his partners and non-insider shareholders. Or, more likely, this was his intent all along. Geeknet will now arguably lose their key Thinkgeek team given the dichotomy of mindsets. The former lead of SourceForge.net is now the lead of Google Code pursuant to the fallout of Langone slashing R&D...[always] a fatal move. Feedery never became anything. Linux.com was given away. [Linux.com!], and management failing to timely acquire github.net, ad infinitum....all painstakently and passionately documented on this blog. Because I believed...Building SourceForge into a ten-bagger was simply a no-brainer.

There really is only one thing to say at this point.

To Carolline, Timmy, Fraize, Jen, and the Thinkgeek team...all the best. You built one hell of a disruptive e-Commerce ecosystem.

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#3) On September 21, 2011 at 9:33 PM, gnulaw (51.61) wrote:

..and yet another defection to hit Geeknet and SourceForge

"... @ElizabethN Elizabeth Naramore Career news for those who care: I'm moving from @sourceforge to @engineyard as their PHP Community Manager: bit.ly/qfTQKn #php #yay

20 Sep via web ..."

Above tweet © 2011 Twitter

 

[UPDATE] (Sep 21, 2011) GitHub Hits 1 million Users, RWW

...and as of September 21, 2011

GitHub has 40,541 followers on Twitter (192% increase in 14 months),  1,001,799 people hosting over 2,828,495 repositories.

SourceForge has 19,318 followers on Twitter (70% increase in 14 months), 311,111 projects.

 

 

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