So, what happened to that IPO?
Today I found that the SEC - the company which every public company in the US has to register filings with - has a section on its website that allows you to search electronic filings.
Okay, I thought, Six Apart is a public company, let's look for their filings.
I only found two, and neither of them were annual filings or anything, just "Notice of ( Read more... )
Okay, I thought, Six Apart is a public company, let's look for their filings.
I only found two, and neither of them were annual filings or anything, just "Notice of ( Read more... )
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The question was, "wtf does LJ think it's doing, with these whacked mass banninations and refusal to answer questions about why they're not following their own TOS procedures? Are they gunning for the Most Customers Pissed Off award? What do they gain by reversing years of tolerance?" ... and the answer that made the most sense was, "$$."
(Did anyone actually believe they wanted to protect the children? Anyone? Anyone? Bueler?)
Clean up the place to sell it... whether that's to thousands of faceless stockholders or a single other entity. It's just that, at first, we kinda thought it'd be easier to sell to faceless masses than to convince a single person/company to overlook the literally thousands of angry, vocal customers they'd riled up. We were wrong.
And as far as anyone can tell, SUP wants to continue with the cleanup action--they've certainly not rescinded any of the idiotic statements Barak made, nor come forward with that ( ... )
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Anil said on the matter a while ago: "First, Mena was kidding for pretty much her entire quote in the 5th paragraph... it's obvious if you know her, but I can't help but think that UK tabloid mentality seeps into all their press. The "we talk about this a lot" is the most absurd thing -- I do our company orientations when we hire new people, and the one thing people are most surprised about is that there is pretty much *zero* talk about IPOs or selling the company or whatever inside Six Apart. It's been that way since the beginning, people just don't focus on that when there's so much else to do."
Shitraker Valleywag's 25 Predictions for 2008 seems to use the sale of the LJ as a portend of being bought. ("Blog platform maker Six Apart, having spun off LiveJournal and rearranged its exec staff, gets bought.") But ( ... )
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i always hated the falsehood of "reversing years of tolerance" -- i defy anybody to try and create half the wacky communities that live on LJ as Facebook groups or MySpace profiles, and then see how long they last. I mean, just the ones I can think of offhand (pronana?) wouldn't last 10 minutes. The only reason the (admittedly screwed-up) minor changes last year got so much blowback was because they were mishandled; LJ is, and always has been, way more open with content than any other site of similar scale. It is also, unlike the only other community of similar size and age, still growing rapidly.
I'm not holding my breath for a bunch of people to note that they were inaccurate about their predictions or assessments of motivations, but it does still bug me.
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