from today's GlobeSt (2/8):
Last updated: February 8, 2008 02:26pm
CoStar Challenges LoopNet’s Statistics
By Erika Morphy
"BETHESDA, MD-CoStar is questioning its main competitor’s way of calculating how many current users it has. The company filed a suit in the US District Court in the Southern District of New York. The case is called CoStar Group Inc. v. LoopNet Inc.
Specifically, the suit is challenging the number of “registered members” LoopNet reports it has to its customers and investors. As of Nov. 2007, LoopNet claimed to have 2.5 million registered members, CoStar notes. CoStar’s position is that LoopNet is implying that it has 2.5 million current users, when the active number of users is much lower. The 2.5 million statistic, in other words, is a cumulative total of everyone who has ever registered at the site during the past 12 or so years the firm has been in existence, according to CoStar's complaint." .....
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