From One Trillion Dollars To Delisting In Three Years Or Less

from the so-much-for-believers dept

InfoSpace is now facing delisting from the Nasdaq. If the stock doesn't improve in the next 90 days, they'll probably be kicked off. This wouldn't be all that interesting if a couple years back the CEO of the company hadn't promised to be the first trillion dollar company. Naveen Jain was quoted in early 2000 saying, "There are two kinds of people in this world... those who don't believe in God, and those who believe in God and InfoSpace. That's OK -- the nonbelievers will be converted when we become a trillion-dollar company." Athiests everywhere are rejoicing.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. icon
    Robiin (profile), 15 Jan 2013 @ 6:57am

    Investor beware

    We must verify the credentials of the company if hoping to make big gains by investing in highly touted ventures.
    Another must-read for those interested in investing: The Naveen Jain case

    link to this | view in thread ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.