Pixelon
Scandal-ridden dot-com company / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Pixelon?
Summarize this article for a 10 year old
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]
Company type | Private |
---|---|
Industry | Online video delivery service |
Founded | 1998; 26 years ago (1998) in San Juan Capistrano, California |
Founder | "Michael Fenne", an alias used by fugitive David Kim Stanley |
Defunct | June 2000; 23 years ago (2000-06) |
Fate | Liquidation |
Headquarters | , US |
Products | vaporware |
Website | Archive of Pixelon website just before bankruptcy |