February 23, 2001
Article

Motley Fool Reduces Staff; Discontinues "Soapbox.com"

SUMMARY: No summary available
LAST LAUGH: The Motley Fool announced that it has eliminated 115
positions from its U.S. and U.K. offices and will discontinue
Soapbox.com, the “peer-to-peer knowledge exchange” it launched in
June 2000 where amateur investors sold their own stock research.
All employees affected by this decision will receive severance
packages of at least one month's wages, according to Bill Dixon,
a spokesperson for The Motley Fool. Said CEO Pat Garner in a
statement, “We will ensure that the Fool continues to fulfill its
unique role as the 'trusted advisor' for the 30 million people we
reach monthly both online and offline.”

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