Freei
In today's article we will explore the exciting world of Freei. Whether we are talking about the life of a celebrity, a historical event, a social phenomenon or any other topic, there is certainly a lot to say about it. Throughout the next few lines we will delve into the most fascinating details of Freei, analyzing its importance, its implications and its relevance in the corresponding field. From its impact on society to its role in popular culture, we will delve into a wide range of aspects that will allow us to better understand the magnitude of Freei. We hope that this reading is as enriching as it is entertaining, and that it gives you a new perspective on Freei. Get ready to embark on a journey of discovery and learning!
| Company type | Public |
|---|---|
| Nasdaq: FREI | |
| Industry | Online Internet service provider |
| Founded | December 1998 |
| Founder | Robert McCausland |
| Defunct | October 2000 |
| Fate | Bankruptcy |
| Headquarters | Federal Way, Washington United States |
Area served | United States |
Key people | Bob McCausland (CEO) Naveen Jain (director) |
| Services | Free Internet Access |
Number of employees | 365 |
Freei Networks, Inc. (also known as Freei.net, FreeInternet.com) was a free internet service provider from 1998-2000. In 2000, FreeInternet.com was acquired by United Online, Inc. (owner of NetZero, Juno, Classmates.com and others). In 2008, United Online re-launched FreeInternet.com as a Web site dedicated to free and discounted retail offers.
Services
Freei provided a free alternative ISP, allowing users to anonymously log on to the internet using the Freei software and dialer. It reached over 2 million registered users nationally by 1999, and 3.2 million by the summer of 2000. In lieu of a subscription fee, the software displayed ads on the user's computer.
IPO filing
Freei filed for an IPO on March 31, 2000. It went public on the Nasdaq under ticker symbol FREI.
Bankruptcy
On October 9, 2000, Freei filed for bankruptcy after laying off 30% of its workforce. One week later, on October 16, 2000, the rest of the workforce was laid off and the corporate headquarters in Federal Way, Washington was permanently closed. In early November 2000, Freei's remaining assets were sold at auction.
References
- ^ "SEC".
- ^ Freei.Net Offers Comprehensive New Portal Featuring Services From InfoSpace.com, Business Wire, January 17, 2000
- ^ "SEC".
External links
- Freei.Net Goes Nationwide: http://www.internetnews.com/isp-news/article.php/216381/FreeiNet+Goes+Nationwide.htm
- Freei Files IPO: https://www.wsj.com/articles/SB954783493838149693 http://www.nasdaq.com/markets/ipos/company/freei-networks-inc-74808-2425
- Freei Acquired by United Online: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=94399
- Mark Stevens, Sequoia Capital; Freei Director: https://www.bloomberg.com/research/stocks/private/person.asp?personId=75159&privcapId=223006296
