Resident Evil Village PS5, Xbox Series X Walmart restock Third stimulus check details Galaxy S21 review Inauguration memes Amanda Gorman's poem Lady Gaga's rendition of national anthem

PlanetOut postpones IPO

Web site targeting gay, lesbian, bisexual, transgender audience postpones until undisclosed date.

PlanetOut, a Web site targeting the gay, lesbian, bisexual and transgender audience, said Wednesday that it will postpone its initial public offering until an undisclosed date. The company blamed the postponement on "adverse market conditions" for IPOs. PlanetOut runs Web media sites and but derives most of its revenues from online personals subscriptions. The company earned its first profit last summer.