Cruising the Information Superhighway

PlanetOut's Gay.com spent untold sums of cash revamping its infrastructure in the past few months, which was most visibly seen with the relaunch of its chat program — easily the most used feature on the site.

Except ever since the gay hub debuted the new version of its site at the beginning of the month, Gay.com has been plagued by downtime. By our rough science, it's been offline more than it's been online. Quite embarrassing for a company that's already had its fiscal misadventures widely reported (Queerty included), but we imagine few of you care how this affects the accounting books than it does your online cruising.

So, you tell us: How has Gay.com going offline hit you? Fewer hookups? Are you just signing up for Manhunt.net instead? Or are you suddenly abstinent? Hitting the bars more? Or banking on monogamy?

Queerty will have more on the problems festering at Gay.com — but first, we want to know if it's really affecting you, or if Facebook already supplanted the site.

(And yes, we're prepared for any number of you saying how irrelevant Gay.com is, because it's just a place to hunt for sex, and why should you care. But that's idiot logic, because plenty of fags use the site quite often. Sometimes daily.)

And below, Gay.com's open apology letter to members.

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• After being arrested after soliciting a cop for oral sex, Florida Rep. Bob Allen says he'll fight the charges:

I am filing a not guilty plea. I am going to vigorously fight this. I am not resigning my office because the people who elected me want me to do a good job and I am going to do a good job, in finishing this term. This is an ugly and unpleasant situation that has been thrust on me and my family. It is not true. It is not accurate, and therefore [I'm] not guilty.

He then starts to tear up. What a fag.

• Three conservative Christians took it upon themselves to interrupt the Senate's first Hindu prayer. What disgraceful, disrespectful pricks.

Remembering Oz: the gayest prison show in all the land.

• There are soon to be some unemployed homo-journos wandering the streets: PlanetOut Inc closing offices in Buenos Aires, London.

Hillary Clinton overheard striking a deal with "competitor" John Edwards.

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Computer Nerd Loves, Backs Fag Rags

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Microsoft mogul Bill Gates loves his gay print media. The nerdy, do-gooding gajillionaire - pictured, looking sexier than ever - lent a hand - and a buck - to raise PlanetOut's life saving $26.2 million. help save gay media titan PlanetOut, Inc. Seattle PI's on the case:

Bill Gates, operating through his Cascade Investment arm, is among the investors participating in the $26.2 million funding of the gay, lesbian, bisexual and transgender online community PlanetOut.

PlanetOut, which trades on the Nasdaq under the ticker LGBT and also operates the Web site Gay.com, went public at $9 per share in October 2004.

But since that time, the stock has been in free fall. It closed today at $1.59, up 15 percent.

No word on whether Bill Gates will now star in swimsuit spread. We're crossing our fingers and saying our prayers that we get to see that pasty, pasty love machine all spread eagle and stuff! We loves us some scrawny nerd, especially when they're worth more than we can count.

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PlanetOut Inc must have a fairy godmother - or an excellent accountant.

The financially-strapped media giant - which owns
Gay.com, Out and The Advocate, among others - announced today that it found $26.2 million to keep things afloat.

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PlanetOut Inc's finally addressing its financial woes. In a piece over at The Advocate - one of PlanetOut's many fag rags - sappho-journo Kerry Eleveld informs us that while things are looking grim - falling stock prices, the albatross called RSVP cruises - the company may bounce back. If it can secure $7 million, of course.

PlanetOut Inc.’s first major hurdle in its uphill climb toward fiscal solvency is just days away. After posting a $6.9 million loss the first quarter of this year, the company’s lender set June 30 as the date by which it must raise at least $7 million—with another $8 million to come by August 31.

As a means toward this life-saving end, the once might media giant's shedding its "adult-entertainment" division, SpecPub. The sale, of course, will help wrangle in some of the more pornphobic advertisers, like Lexus, which will soon be returning to the company's pink pages.

CONTINUED »



Queerty Team

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Japhy Grant

Editorial Director
David Hauslaib

Publisher
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