The Wall Street Journal sees through the upcoming Classmates.com IPO, and so should you.
Classmates.com will help you find your high school classmates, for a fee. The problem is that finding people on the Internet through an Internet community is social networking: something much larger sites like MySpace and Facebook already offer. And those sites are free.
Classmates Media is selling $125 million worth of stock this week, and this looks more like a cynical effort to capitalize on Wall Street's hunger for social networking than an investment opportunity.
In some ways, it reminds me of the deluge of low-quality alternative energy companies that have come public in recent years. Classmates has story stock written all over it, but Classmates really isn't the story. It just looks the part, and is hoping investors will want a piece.
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Reader Comments (Page 1 of 1)
9-04-2007 @ 12:46PM
Ed said...
Classmates.com has been around for YEARS. Long before Myspace and Facebook were just glimmers in their HTML coder's eyes. They arent just pretenders and deserve to go public.
12-02-2007 @ 4:49PM
stew said...
Here, hows about meeting up with this classmate there at their discussion board Elections and Leaders;
(1) Why can't we just
Lucius (Lou) Harwell (view profile)
Started: 06/13/07 12:57pm PST
shoot the illegal aliens as they illegally cross the boards into this country? Shouldn't we just start shooting them and be done with it?
Now, suppose one of these "illegals" is carrying a dirty bomb or antrax?
Shouldn't we just start shooting them and be done with it?
I'm just asking a question to see why we should or shouldn't just shoot them?
This an example of the 500 pages and 10,000threads of archives there.
go ahead when I alerted them to this sort of hate amil there they cancelled my sibscrition?
The allow hate posts like this?
ergo?
Classmates.com aids and abetts hate.