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The Company is a leading provider of consumer Internet and media services.
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Lance912 (93.68) Submitted: 4/01/07 6:51 PM : Start Price: $12.75 UNTD Score: 1.74
All of their sites and products seem to be outaded.Classmates.com: Will become worthless in the new Myspace/Facebook world. Mypoints.com: Losing popularity and a site with no moat.Photosite.com is a small site that isn't worth much.Do you really want to invest in a dial-up company?
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Lance912 (93.68) Submitted: 8/16/07 11:31 PM
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Now they are taking Classmates.com public, and valuations for the unprofitable site peg it at $125 million. How on earth do they get this figure? Friendster, which is MUCH more popular than clasmates and gets significantly more traffic (even though it is still a fraction of myspace/facebook) was valued at $30 million by Google in 2003 (before myspace and facebook existed, so that included growth projections that never were realized). Truthfully, classmates.com is probably worth $5 million at most, but they are presenting it in a nice package for investors to get suckered into come the IPO.
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