livedoor goes pop

Livedoor, a Japanese company, is in the news again unfortunately for all the wrong reasons. It seems that the company cooked their books.

Livedoor was a company that started out in life as the first free ISP in Japan and in fact was formed around 1999 as a joint venture with my company The X-Stream Network. But after going through many millions they then sold their assets (including their name) to another company....which has just recently had a melt-down.