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The Almighty Buck

Journal: Geeknet plans to "Maximize Shareholder Value" of Slashdot, other websites.

Journal by FunPika

"Geeknet, Inc. (Nasdaq:GKNT), the online network for the global geek community, today announced that its Board of Directors has authorized the Company and its advisors to explore strategic alternatives with respect to its online media business, including the SourceForge, Slashdot and Freecode websites. The Company and its advisors will evaluate a range of options to maximize shareholder value, including, but not limited to, a potential sale of the Company's online media business, investing additional capital to expand the online media business, or other possible transactions involving the online media business."

Really now? Geeknet is just going to keep on driving away users to get more money for their shareholders until we are all gone aren't they? :/ So what is next, blatant slashvertisements for the latest enterprise software on the front page that are not as easy to exclude as Roblimo's stupid SlashTV videos?

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