Is Vonage Screwed? Part III

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On Seeking Alpha, Venture capitalist Kevin Chou compares Vonage to Pets.Com, writing:

Vonage (VG) is a horrible IPO to invest in. Avoid it like a rabid dog stumbling down your street. The company is nowhere near turning a profit, is spending crazy amounts of money on advertising (Super Bowl ads with sock puppets, anyone?), and is facing some of the most intense competition of any industry I track in the technology space.

And it's already slipping from its $17 initial offering price.
Vonage, The Worst Tech IPO Since Pets.com [Seeking Alpha]

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