Pixelon
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Pixelon was a dot-com company founded in 1998 that gained fame for its extravagant launch party and sudden and violent decline less than a year afterwards. It promised better distribution of high-quality video over the internet using technologies that were, in fact, fake or misrepresented. [1] Its founder, Michael Fenne, was actually David Kim Stanley[2], a convicted felon involved in stock scams who was running from the law. In the year 2000 it gradually fired employees and reduced its operations until its bankruptcy. [3]
[edit] References
- ^ Blogs | Protein OS
- ^ PC World - The 25 Worst Web Sites
- ^ Pixelon issues sweeping layoffs after founder's arrest | CNET News.com
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