The episode discusses the rise and fall of Pixelon, a dot-com company known for its extravagant launch and subsequent bankruptcy due to fraudulent practices.
Pixelon was an American dot-com company founded in 1998 that promised better distribution of high-quality video over the Internet . It was based in San Juan Capistrano, California . [1] It gained fame for its extravagant Las Vegas launch party , followed by its sudden and violent decline less than a year later as it became evident it was using technologies that were, in fact, fake or misrepresented. [2] Its founder, "Michael Fenne", was actually David Kim Stanley, a convicted felon involved in stock scams who was "on the lam and living out of the back of his car" when he arrived in California two years earlier. [1] [3] In the year 2000, Pixelon began to fire employees and reduce its operations until its bankruptcy . [4] [5] Pixelon ousted their management team and filed for bankruptcy in June 2000. [6]
Explore listener stats, chart rankings, contacts and more on the Citation Needed podcast page.