What was one of the fist social networks well before Myspace and
Facebook, Todd Krizelman and Stephan Paternot founded the internet
startup in 1994. Although it has since ceased operations as of 2008,
TheGlobe posted the largest first day gain of any IPO when it went
public on November 13, 1998.
The founders were undegrads at Cornell when they came across a
primitive chatroom on the university networks. After TheGlobe.com issued
its IPO the founders, 24 at the time, were thought to be worth about
$100million each. This was the peak for the pair and after that it was
all down hill.
Todd Krizelman and Stephan Paternot – TheGlobe.com
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