FireOne records huge losses following UIGEA

— Posted on November 7, 2006   

 The firm recorded a net loss of $72.4 million, or $1.40 per share, in the third quarter ending Sept. 30, compared to last year's profits of $5.6 million from its FirePay e-wallet services. FireOne CEO Ben Dalfen blames the loss on the Oct. 13 UIGEA, which disallows companies to process ...

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