Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I sold this morning, feeling kind of blindsided by this lawsuit. Shook my faith in the management team. It's too early in our business cycle for us to be getting sued, by anybody, and I consider it to be a bad sign. It suggests

a) we bought Weddingpages without knowing what the hell we were doing

b) management is unable to effectively deal with problems when they arise

The competing press releases are a frigging joke. Apparently the theory is, The Knot won't have to deal with its franchisees in the future, might as well burn the bridges now. Unbelievable.

I still like this business model very much, but I have lost my faith in management's ability to execute the model. So I'm out. Best of luck to all investors.


Taylor
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.