EXHIBIT 99.1

            THEGLOBE.COM STRENGTHENS GAME NETWORK WITH ACQUISITION OF
                CHIPS & BITS, INC., LEADING ONLINE GAME RETAILER,
          AND STRATEGY PLUS, INC., PUBLISHER OF PREMIER GAME MAGAZINES

NEW YORK, January 14, 2000 -- theglobe.com (Nasdaq: TGLO), the global
community network that specializes in bringing people together around
shared interests, today announced that it has acquired Chips & Bits, Inc.
("CBI") http://www.chipsbits.com, a leading online game retailer and
Strategy Plus, Inc., a publisher of magazines targeted at game enthusiasts.
The all-stock transaction was valued at approximately $16 million.
Additionally, the Company announced that all of its game properties will be
consolidated into one stand-alone division.

"This acquisition allows us to better grow our strategy, service the
members of our game community and position this division as a world leader
in games," said Dean Daniels, Chief Operating Officer, theglobe.com. "The
games community is one of the most loyal and vibrant on the Web today. They
are the early adopters and are the audience that will lead the charge into
the broadband era."

According to The NPD Group, the U.S. video game market derived $7 billion
in revenues in 1999. The acquisition provides theglobe.com with a valuable,
highly targeted offline audience and thriving e-commerce division.

The acquisition of Chips & Bits and Strategy Plus strengthens
theglobe.com's game network, the world's second largest online information
game network*, comprised of leading online game sites HappyPuppy.com,
GamesDomain.com, KidsDomain.com and ConsoleDomain.com. The acquisition
bolsters theglobe.com's existing game strategy by offering compelling core
services: game news and reviews, online demos and downloads and cheats and
tips; over 10,000 products to millions of gamers, and the powerful offline
marketing presence of Computer Games Magazine.

Added Will Margiloff, Director of Sales, theglobe.com, "The combination of
Chips & Bits' large and loyal offline game audience and e-commerce
opportunities provides theglobe.com with a unique `closed-loop marketing'
solution for game advertisers. theglobe.com can now provide a one-stop
media outlet for game companies to market and sell their products via
banner ads, online sponsorships, opt-in programs, print advertising and
magazine inserts, furnishing a powerful marketing solution within the game
market."

OFFLINE GAMING PUBLICATIONS
CBI builds customer loyalty and drives repeat visits to its online
properties via its leading offline gaming publications, notably, Computer
Games Magazine with a qualified paid circulation of 220,000 copies,
according to BPA International. The Company also publishes various other
well-known guides for PC gamers, including Computer Games Buyers Guide,
Computer Games Fall Preview Guide, Computer Games Getting Started Guide,
Computer Games Tips & Cheats and Computer Games Design Guide.

ECOMMERCE
Through its Chips & Bits online store, a leading shopping destination for
PC and console interactive entertainment software, the Company offers over
10,000 products for both retail and wholesale purchase.

PORTAL
CBI's portal, a top interactive entertainment site, is a unique online
destination for gamers, offering a wide variety of content, community and
commerce services, including online shopping, editorial content,
community-building features, and demo downloads, among other features,
focused on interactive entertainment products.

* According to a November 1999 custom report from Media Metrix,
theglobe.com's gaming property is the second largest gaming portal on the
Web with a reach of 2.5%. This ranking is second only to IGN.com (2.6%) and
ahead of ZDnet's GameSpot (2.2%) and CNET's GameCenter (1.5%)

ABOUT THEGLOBE.COM
theglobe.com aggregates users into a global community network around common
themes of interest. The Company offers state-of-the-art website building
tools and a network of email clubs. theglobe.com is one of the world's
largest independent community sites and has been a leader in the industry
for nearly five years. theglobe.com Network is comprised of theglobe.com
community, leading online game sites HappyPuppy.com, GamesDomain.com,
KidsDomain.com and ConsoleDomain.com and business web hosting property
WebJump.com. theglobe.com's distribution partners include Time Warner's
Road Runner, AOL UK, One Main, Alloy, Direct Hit and Chaitime.

Safe Harbor -- this press release contains financial information and
includes forward-looking statements related to theglobe.com, Inc. that
involve risks and uncertainties, including, but not limited to, product
delivery, the management of growth, market acceptance of certain products
and other risks. These forward-looking statements are made in reliance on
the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. For further information about these factors that could affect
theglobe.com's future results, please see the Company's filings with the
Securities and Exchange Commission. Prospective investors are cautioned
that forward-looking statements are not guarantees of performance. Actual
results may differ materially from management expectations. Copies of these
filings are available upon request from theglobe.com's investor relations
department. theglobe.com, theglobe.com (logo), globeclubs, Happy Puppy,
Kids Domain, Games Domain, and WebJump are service marks of theglobe.com,
inc.