Every beginning company needs an event that sets the stage for their fresh start. An IPO, or an initial public offering, is just that. Think of it as the company’s first birthday party. Like some birthday parties, things go wrong. Here are the top ten biggest IPO flops of all time.
Back in 1995 before Facebook, Instagram and Twitter The Globe.com was the social media website, perhaps the first such website to exist. It was definitely a good idea with a lot of investors on board but retreated when reports of loose advertizing surfaced. The Globe decided to push forward, a success at first until 2000 when the online advertising market slipped and the Globe had no backing to stand on its own. Alas, the company failed to resurrect to its original glory and died off.