FortuneCity
Encyclopedia
FortuneCity is a free webhosting service based in New York City
. The service was founded in 1997 by Richard Jones and Dan Metcalfe, two British entrepreneurs. It has one million users.
It achieved some limited fame when it collaborated with Warner Brothers to create a community called AcmeCity, which allowed users to create a web site using WB characters, logos, etc. without infringing on copyright.
When FortuneCity first came online, it offered a free web hosting account with 6MB disk space. Later, they increased the space to 10MB, 20MB and then 100MB. However, since upgrading to 100MB, the original virtual community design has been gone: The "virtual map" of each district is gone, the division of district is also gone, but the community, mayor and district ministers remains. Now, it has become merely a web host and an online selling website.
The company went public
in March 1998. It was oversubscribed 37 times after its initial offering. FortuneCity receives its revenue mostly from advertisements.
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. The service was founded in 1997 by Richard Jones and Dan Metcalfe, two British entrepreneurs. It has one million users.
It achieved some limited fame when it collaborated with Warner Brothers to create a community called AcmeCity, which allowed users to create a web site using WB characters, logos, etc. without infringing on copyright.
When FortuneCity first came online, it offered a free web hosting account with 6MB disk space. Later, they increased the space to 10MB, 20MB and then 100MB. However, since upgrading to 100MB, the original virtual community design has been gone: The "virtual map" of each district is gone, the division of district is also gone, but the community, mayor and district ministers remains. Now, it has become merely a web host and an online selling website.
The company went public
Public company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
in March 1998. It was oversubscribed 37 times after its initial offering. FortuneCity receives its revenue mostly from advertisements.