Join Date: May 2000
Location: Lincoln, NE (OMA or LNK)
Programs: UA, AA, DL, Starwood/Marriott, Hilton, IHG
Posts: 1,345
Latest on Mypoints.com
Well, this sure didn't give me a warm fuzzy, but then I really don't have much activity on mypoints.com
This information from a recent Associated Press article may cause some of you to consider cashing in your points to something more tangible, like a ticket, or Alaska Airline miles, before the company goes bankrupt:
MyPointscom Inc said it is cutting 120 jobs, about 29 percent of its workforce, to save $8 million a year because companies are spending less to market products online. MyPoints.com of San Francisco said it expects a third quarter loss of $14 million to $16 million. It lost $8.3 million last year earlier.
If you want to follow this company's fortunes or misfortunes on your own, its stock symbol is MYPT.