INFOSCAM
Five years ago, an Internet highflyer called InfoSpace was worth more than $31 billion. Within two years, Infospace’s market capitalization had declined more than 99 percent. According to a new Seattle Times investigation entitled “Dot-Con job,” InfoSpace’s success was “created by lies and deception.” Sounds a lot like what happened at Enron. Infospace’s founder, Naveen Jain, is reportedly hard at work at another start-up.
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