So Classmates.com is planning an IPO to raise $144 million. I’m enjoying some of the spin, such as references to the site as “pioneering.”

I refuse to go near classmates, because they pursue a business model that turns me off — the relentless pursuit of my wallet. The information about my class and, yes, classmates is useless, because it’s all behind the pay wall. So while I’m one of its “50 million members,” I’m probably not alone in my disdain for the site. When I first entered my profile information, the site wasn’t nearly so obnoxious. If this is “pioneering,” then hand me a bow and arrow.

The company is trying to take advantage of all the buzz about social networking, and perhaps a successful IPO will help them remove the walls. Until that happens, though, don’t count on me to buy any of its stock.

This entry was posted on Tuesday, November 27th, 2007 at 11:59 am and is filed under Media 2.0. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.