Net Perceptions Sued For Not Selling Themselves
from the what's-left-to-sue? dept
I saw the news last week that Net Perceptions was dissolving itself, and was a bit surprised. Admittedly, I hadn't heard a word about them in years, but during the boom years they were the hot player. If you were an e-commerce company you wanted to work with them and their collaborative filtering technology. They were one of the pioneers with collaborative filtering tools to figure out, if a customer bought products A & B, they might also want to buy C. It sounded great, but like many companies working on similar offerings, it never worked all that well. I was still surprised, though, that they couldn't find a buyer, and assumed that the decision to dissolve was based on the fact that their were no other options. Apparently, their shareholders don't think so. They're suing the company for not selling itself. They claim that the company rejected offers to sell itself, though, the article doesn't say when those offers came in or how much they were for. Of course, if the company is dissolved, I'm not sure what's left to sue.
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
