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    PlanetOut cofounder digs the knife in deeper

    Revenge is always sweet — and no one dishes it out more cuttingly than the gays. Mark Elderkin, the founder of Gay.com — the queer portal that merged with PlanetOut — was, by all appearances, abruptly pushed out of his company last year in a so-called reorganization orchestrated by new CEO Karen Magee. Since then, PlanetOut has suffered a financial torture by a thousand cuts, as a host of new gay blogs and dating sites steal its traffic. Last month, Microsoft chairman Bill Gates gave the company a helping hand with fresh financing. But now, Elderkin has designed a scheme to sharpen the assaults of PlanetOut's rivals — and increase his former company's pain. More »

    12:40 PM on Wed Aug 15 2007
    By Owen Thomas
    871 views, 1 comment

    Latest by CasperG: Well, "Magee and his old company" are currently driving themselves into the ground at warp speed. Elderkin was by far more »

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