Theglobe.com history

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.

In 1999, CNN filmed Paternot during a night on the town.

But less than two years later, the stock had plummeted to $2 and in 2000, Krizelman and partner Stephan Paternot resigned.

As investors grew increasingly skeptical of the "new economy", share prices began to decline rapidly. theGlobe.com saw its share price drop from a high of $97 to less than 10 cents and its market capitalization shrink by more than 95% to around $4 million in 2001.

The company continued hosting some of its partner sites and publishing Computer Games, but the domain of www.theglobe.com displayed nothing more than an informational message about the site's termination until 2003.

On May 9, 2005, the company acquired Tralliance Corporation, a company which maintains the .travel top-level domain.

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

The company then sold Tralliance on September 29, 2008. theglobe received earn-out rights from Tralliance Registry Management, which will constitute the only source of future revenue for theglobe.

The company's stock continues to trade on the OTC Bulletin Board under the symbol TGLO. As of the company's 2011 annual report, it reported $6426 in assets versus $3.2 million in liabilities.

The company operates out of borrowed offices, and as of March 1, 2012, it reported having no employees other than its executive officers, each of whom devoted "very limited time" to TheGlobe's business, and received no compensation for doing so.

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 a possible reverse merger.

Frederick Jones (a founder of Glencore) from 2018 continues to serve as CEO and CFO.