A social networking service, theGlobe.com made headlines by going public on November 13, 1998 and posting the largest first day gain of any IPO in history up to that date.

While undergraduates at Cornell, Paternot and Krizelman encountered a primitive chatroom on the university's computer network and quickly became engrossed.

[4] The pair used the popularity of the site and the increasing interest in the internet in 1997 to secure $20 million in financing through Dancing Bear Investments.

As the fortunes of a number of very young people grew almost overnight, the public and the media began to scrutinize these new economy wunderkinds.

He was shown in shiny vinyl pants, dancing on a table at a trendy Manhattan night club with his girlfriend, model Jennifer Medley.

That year, theGlobe.com launched GloPhone, a VoIP phone service similar to Skype, and used its eponymous domain as the product's website.

theGlobe.com made a decision to send unsolicited messages to MySpace.com users and was subsequently sued under the CAN-SPAM act and a similar anti-spam law in California.

Subsequently, the magazines stopped publication, Chips & Bits' home page announced the site's closing, and GloPhone ceased operations on March 13, 2007.

[12] And in October 2011, it was sued in connection with the 2005 sale of a subsidiary called SendTec to RelationServ Media, which company subsequently failed.

[16] On December 31, 2017, Delfin Midstream LLC, an LNG exporter, purchased almost 71 percent of the outstanding shares of TheGlobe.com as a vehicle for possibly going public through a reverse merger.

[17] In November 2022, TheGlobe.com reported that it expects to continue operating as a public company for the next twelve months with funding from Delfin.