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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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JUNE 15, 1999
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
THEGLOBE.COM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-25053 14-1781422
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification
incorporation or Number)
organization)
31 WEST 21ST STREET
NEW YORK, NEW YORK 10010
(Address of principal executive offices)
(212) 886-0800
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
Attached hereto as Exhibit 99.1 and incorporated by reference herein is the
press release dated June 15, 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
99.1 Press release dated June 15, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf of the
undersigned hereunto duly authorized.
Dated: June 15, 1999.
theglobe.com, inc.
By: /s/ Francis T. Joyce
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Name: Francis T. Joyce
Title: Vice President and
Chief Financial Officer
EXHIBIT 99.1
[LOGO theglobe.com]
THEGLOBE.COM RELEASES MEASUREMENT STATISTIC
NEW YORK, N.Y. JUNE 15, 1999 - THEGLOBE.COM, INC. (NASDAQ: TGLO) TODAY
RELEASED A CLARIFICATION OF ITS MARCH 1999 UNIQUE VISITOR COUNT.
DOUBLECLICK (NASDAQ: DCLK), SUPPLIER OF THEGLOBE.COM'S ADVERTISING
MANAGEMENT SYSTEM, HAS INFORMED THEGLOBE.COM THAT ITS METHOD OF REPORTING
UNIQUE VISITORS TO THEGLOBE.COM WAS NOT ACCURATE, INCLUDING ITS LATEST
MARCH 1999 REPORT. THAT REPORT SHOWED 10.2 MILLION UNIQUE VISITORS
(EXCLUDING THE ATTITUDE NETWORK, LTD. SITES). DOUBLECLICK DOES NOT HAVE
AVAILABLE CORRECTED NUMBERS FOR VISITORS TO THEGLOBE.COM SITE FOR MARCH
1999.
THEGLOBE.COM HAS BEEN USING DOUBLECLICK TO PROVIDE IT WITH THE NUMBER OF
UNIQUE VISITORS VIEWING ADVERTISEMENTS SOLD ON THEGLOBE.COM WEB SITE.
DOUBLECLICK CONFIRMED THAT THE UNDERLYING AD IMPRESSIONS AND CLICK THROUGHS
PROVIDED TO THEGLOBE.COM AND ITS ADVERTISERS WERE REPORTED ACCURATELY.
THEGLOBE.COM'S REVENUES FOR THE CURRENT AND ALL PRIOR PERIODS HAVE NOT BEEN
IMPACTED BY THE DOUBLECLICK ERROR.
WEB MEASUREMENT FIRMS, SUCH AS MEDIA METRIX, REPORT GROWTH FOR THEGLOBE.COM
NETWORK. MEDIA METRIX INDICATES THAT THEGLOBE.COM NETWORK'S REACH FOR U.S.
USERS AT HOME AND WORK HAS GROWN FROM APPROXIMATELY 0.6% IN DECEMBER 1997
TO 5.2% IN APRIL 1999*. ACCORDING TO MEDIA METRIX, REACH IS THE PERCENTAGE
OF THE TOTAL WEB AUDIENCE IN A MONTH THAT CAN BE REACHED VIA EACH REPORTED
WEB SITE.
MEDIA METRIX DOES NOT INCLUDE TRAFFIC GENERATED FROM INTERNATIONAL SOURCES.
THEGLOBE.COM ESTIMATES THAT OVER 40% OF ITS TRAFFIC EACH MONTH ORIGINATES
FROM INTERNATIONAL USERS.
* APRIL 1999 INCLUDES ATTITUDE NETWORK, LTD. SITES
FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements which are based on
current expectations and involve a number of risks and uncertainties. There
are a number of important factors that could cause actual results to differ
materially from those expressed in any forward-looking statements made by
the theglobe.com. These factors include, but are not limited to, the
limited operating history and early development stage of the company; its
lack of profitability and anticipation of continued losses;
unpredictability and potential fluctuations in future revenues; dependence
on new product introductions achieving significant market acceptance and
the uncertainties of consumer preferences; the acceptance of the Web as an
advertising medium; dependence on member-generated content; risks of rapid
technological changes; intense competition; and the general risks
associated with Internet-based businesses. Investors are also directed to
consider other risks and uncertainties discussed in documents filed by the
company with the Securities and Exchange Commission including, without
limitation, under "Risk Factors" set forth in theglobe.com's Annual Report
on Form 10-K and registration statement on Form S-1. The company undertakes
no obligation to publicly release the result of any revisions to these
forward-looking statements, which may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.