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theglobe.com, incorporated in 1995, began as one of the first social media sites. Created as an online community of registered members worldwide, the network gave users the freedom to personalize their online experiences by publishing their own content and interacting with others with similar interests. Shortly thereafter and coinciding with the Internet boom, theglobe.com decided to go public and made headlines on November 13, 1998. theglobe.com posted the largest first day gain of any IPO in history up to that date, a 606% increase over the initial share price.
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