Big, Big Loss.
 

"In its most recent quarterly filing PlanetOut Inc. reported an accumulated deficit — that's how much money it's lost since it started — of nearly $100 million. The San Francisco web portal, which is aimed at the lesbian, gay and transgendered market, reported an accumulated deficit of $99.8 million as of March 31. For that quarter, PlanetOut lost $10.4 million on sales of $4.8 million." [SF Business Times]

 
Jul 25, 2008 · 9 views (beta) · Link · 5 Responses
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Comments (5)

No. 1 · CitizenGeek

Wow, that sucks :/

Posted: Jul 25, 2008 at 10:56 am · @Reply · [Flag?]
No. 2 · Old news

This story is old news. That filing was in May, about a business cycle that ended in March. There won't likely be another filing until August.

Posted: Jul 25, 2008 at 1:16 pm · @Reply · [Flag?]
No. 3 · emb

This makes me sad, cuz I met my partner of 7 years now through PlanetOut. Sigh.

Posted: Jul 25, 2008 at 5:03 pm · @Reply · [Flag?]
No. 4 · Qjersey

yeah no wonder membership is 20 bucks a month.

Always found it oddly ironic that membership at Planet Out and Gay.com is 3x the cost of joining a "hookup site."

Posted: Jul 26, 2008 at 7:48 am · @Reply · [Flag?]
No. 5 · Not surprising

Salaries to senior execs alone probably eat all the profits. The rest is on the backs of investors.

Posted: Jul 26, 2008 at 1:00 pm · @Reply · [Flag?]
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