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Pastimes : Bring Back SI Bob! -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (397)	2/9/2001 5:38:48 PM
From: EL KABONG!!!	Respond to of 808

Even Motley Fool is cutting its staff... biz.yahoo.com Friday February 9, 12:16 pm Eastern Time TheStandard.com Pink Slips for the Motley Fool By Michaela Cavallaro The lesson has become abundantly clear: A Foosball table and a playful attitude does not a successful business make. But announcements that the Motley Fool laid off nearly a third of its worldwide workforce seemed to rattle the press nonetheless. Considering that the financial information site just last week got a $30 million round of venture funding, it's no wonder that scribes were scratching their heads. Many outlets took this opportunity to recap retrenching dot-coms, throwing out names as varied as Silicon Investor, Go.com, KnightRidder.com and eCountries. Trying to find a silver lining in all this cloudy weather, several reporters took the Fool's jettisoning of Soapbox.com, a six-month old venture in which amateur investors could sell their own stock research online, as evidence of fiscal level-headedness. The abandonment of Soapbox "fits with the Fool's strategy of minimizing reliance on amateur, and thus less-trusted, content in favor of professional advice," wrote Riva Richmond of the Wall Street Journal. (What it means that the Fool thought this was a good idea in the first place is apparently not up for discussion.) Even analysts seemed a bit teary. The layoffs of 115 employees struck many as "bittersweet," according to Neal Irwin of the Washington Post, the Fool's hometown paper, who got a Forrester rep to explain why: "They're a company that had a more diverse set of revenue streams than competitors." If they've been keeping up on their reading, though, analysts won't be sending many sympathy notes to the jester-capped masses. In his MSNBC column earlier this week, Fool news director Dave Marino-Nachison posed this question to his readers: "What bruises less than a mugging but hurts more than losing in Las Vegas? Acting on a stock-brokerage analyst's 'buy' recommendation." biz.yahoo.com Thursday February 8, 5:44 pm Eastern Time Online finance site Motley Fool cuts 30 pct of staff NEW YORK, Feb 8 (Reuters) - Privately held Motley Fool, which runs a popular personal online finance site and chatroom, said Thursday it cut 30 percent of its staff, or 115 employees, in a move to streamline business and focus resources on products and services. Early last week a Softbank Corp. affiliate and AOL Time Warner Inc. (NYSE:AOL - news) were part of a $30 million funding round for the Alexandria, Virginia-based company that was founded in 1993 by brothers David and Tom Gardner. Several online media companies have scaled back staff in recent months due to advertising spending declines in a slowing economy. In January, the company closed its German-language Web site, which had been launched in early 2000. KJC