AllAdvantages Pulls Their IPO

from the what-a-surprise dept

Not a big surprise to see AllAdvantage decided to pull their IPO. Ever since AllAdvantage launched it always felt to me like a huge pyramid scheme, but then more and more people kept using them, so I thought maybe I was wrong. Then you look at their finances and you realize they're not anywhere near making any money, and it's not clear if they can ever make any money. Which meant, of course, a few months ago that it was time to IPO. Now with the state of the stock market, they've apparently thought better of it. I still wouldn't be surprised if someone else bought them, though, just for the "eyeballs".