Editing LookSmart (section)

==History==
=== 1995–1998 ===
LookSmart was founded as Homebase in 1995 in [[Melbourne]], [[Australia]] by husband and wife [[Evan Thornley]] and Tracy Ellery, executives of [[McKinsey & Company]].<ref name=enterprise>{{cite book | url=https://books.google.com/books?id=OciNwH5k4O0C&pg=PA430 | title=Enterprise and Venture Capital: A Business Builders' and Investors' Handbook | first=Christopher | last=Golis | publisher=ReadHowYouWant.com | year=2010| isbn=9781459602946 }}</ref> [[Reader's Digest]] invested $5 million in the company for an 80% stake.<ref name="enterprise" /> The original concept of Homebase was to build a female and family-friendly [[web portal]] to supplement the Reader's Digest magazine.<ref name="enterprise" /> After leadership and strategy changes at Reader's Digest, which reduced RD's focus on its online business, RD wanted to shut down Homebase, which would have cost $4 million in payouts and other termination costs.<ref name="enterprise" /> The founders and former McKinsey's employee Martin Hosking instead proposed a cheaper leveraged buyout of Homebase.<ref name="enterprise" />

On 28 October 1996, the company launched its LookSmart search engine.<ref name=":2">{{Cite web|url=https://adage.com/article/news/deal-helps-readers-digest-web-rda-sets-site-launch-search-tool/76880/|title=DEAL HELPS READERS TO DIGEST THE WEB : RDA SETS SITE LAUNCH, SEARCH TOOL|last=Cleland|first=Kim|date=7 October 1996|website=[[Ad Age]]|language=en|archive-url=https://web.archive.org/web/20190203051806/https://adage.com/article/news/deal-helps-readers-digest-web-rda-sets-site-launch-search-tool/76880/|archive-date=3 February 2019|access-date=2 February 2019}}</ref> At launch, the search engine listed more than 85,000 sites and had a "[[Java (programming language)|Java]]-enhanced" interface.<ref name=":2" /> In June 1997, the search engine underwent a major redesign, dropping its original Java-based browsing system.<ref>{{Cite web|url=https://searchenginewatch.com/sew/news/2047963/the-search-engine-update-june-1997-number|title=The Search Engine Update, June 17, 1997, Number 7|last=Sullivan|first=Danny|date=16 June 1997|website=Search Engine Watch|language=en-US|archive-url=https://web.archive.org/web/20160414221045/https://searchenginewatch.com/sew/news/2047963/the-search-engine-update-june-1997-number|archive-date=14 April 2016|access-date=2 February 2019}}</ref>

LookSmart was sold back to the founders as well as Martin Hosking through a leveraged buyout in 1998, with Reader's Digest providing a $1.5 million loan and retaining about a 10% equity stake.<ref name="enterprise" /><ref name=":12">{{Cite news|url=https://www.crikey.com.au/2009/01/14/thornley-1-the-macquarie-connection/|archive-url=https://web.archive.org/web/20091122162124/https://www.crikey.com.au/2009/01/14/thornley-1-the-macquarie-connection/|url-status=dead|archive-date=22 November 2009|title=Thornley 1: the Macquarie connection|last=Crook|first=Andrew|date=14 January 2009|work=Crikey|access-date=13 May 2019}}</ref> Also in 1998, a search box was added to the LookSmart search engine along with People Search, [[Yellow pages]], Discussions and [[Shopping search engine|shopping search]].<ref>{{Cite web|url=https://www.searchenginejournal.com/10-years-of-looksmart-visual-timeline/3314/|title=10 Years of LookSmart – Visual Timeline|last=Baker|first=Loren|date=24 April 2006|website=Search Engine Journal|language=en|archive-url=https://web.archive.org/web/20071018174025/https://www.searchenginejournal.com/10-years-of-looksmart-visual-timeline/3314/|archive-date=18 October 2007|access-date=13 February 2019}}</ref> In May 1998, the company raised $2.3 million from Amwin and $6.0 million from [[Cox Media Group]] and [[Macquarie Group|Macquarie Bank]] and was valued at $23.3 million.<ref name="enterprise" /> On 21 December 1998, LookSmart stopped accepting [[Pornography|pornographic]] [[advertisements]].<ref>{{Cite web|url=https://www.cnet.com/news/looksmart-abstains-from-adult-advertising/|title=LookSmart abstains from adult advertising|date=21 December 1998|website=CNET|language=en|access-date=25 March 2019}}</ref>

=== 1999–2001 ===
By 1999, the company had 500 employees and LookSmart was the twelfth most visited [[website]] worldwide with 10 million users, behind [[AltaVista]] and ahead of Snap.<ref name="enterprise" /> In early-1999, the company reached an agreement to provide directory and listing services for [[Microsoft]] for 5 years. The deal provided the company with $30 million upfront and guaranteed payments of $5 million per year.<ref name="enterprise" /><ref>{{Cite web|url=https://www.cnet.com/news/looksmart-to-fill-msns-search-results/|title=LookSmart to fill MSN's search results|last=Hu|first=Jim|date=8 February 1999|website=CNET|access-date=13 May 2019}}</ref> In late-March 1999, the company raised $59.6 million based on a post-money valuation of $430 million from [[Amerindo Investment Advisors]], Citicorp Equity Capital, Cox Interactive Media, [[Hambrecht & Quist]] and others.<ref name="enterprise" /><ref>{{Cite web|url=https://www.cnet.com/news/short-take-looksmart-gets-60-million-in-financing/|title=Short Take: LookSmart gets $60 million in financing|date=31 March 1999|website=CNET|language=en|access-date=25 March 2019}}</ref> In May 1999, LookSmart formed a strategic partnership with direct-response marketing company [[Guthy-Renker]] and acquired some of their assets from their [[e-commerce]] division for $3 million.<ref>{{Cite web|url=https://www.dmnews.com/customer-experience/news/13100538/looksmart-guthyrenker-partner|title=Looksmart, Guthy-Renker Partner|last=Hamstra|first=Mark|date=21 May 1999|website=DMNews.com|language=en|access-date=19 March 2019}}</ref><ref name=":4">{{Cite web|url=http://getfilings.com/o0001021408-03-004294.html#tx057_7|title=LOOKSMART LTD – 10-K Annual Report – 12/31/2002|access-date=19 March 2019}}</ref> 

On 20 August 1999, during the [[dot-com bubble]], the company became a [[public company]] via an [[initial public offering]] on the [[NASDAQ]], debuting at $12 per share and raising $92.4 million based on a $1 billion valuation for the company.<ref name="enterprise" /><ref>{{cite web | url=https://www.nasdaq.com/markets/ipos/company/looksmart-ltd-9351-5507 | title=LOOKSMART LTD (LOOK) IPO | publisher=[[NASDAQ]]}}</ref> LookSmart used the money it made from its IPO to open offices in [[Denmark]], [[Canada]] and the [[Netherlands]].<ref name=":10" /> By October 1999, the stock price reached $30 per share, giving the company a [[market capitalization]] of $2.5 billion.<ref name=":10">{{cite news | url=https://www.marketwatch.com/story/thom-calandras-stockwatch-looksmart-shares-poised-for-something-but-what | title=LookSmart shares poised for something, but what? | work=[[Marketwatch]] | date=14 October 1999}}</ref> The founders' 15% stake was worth $375 million.<ref name="smart">{{cite news | url=https://www.smh.com.au/articles/2004/01/21/1074360833933.html | title=LookSmart not looking smart | first=James | last=Chessell | work=[[The Sydney Morning Herald]] | date=22 January 2004}}</ref> On 10 November 1999, LookSmart and [[BT Group]] founded [[joint venture]] BT LookSmart.<ref>{{Cite web|url=https://www.bloomberg.com/research//stocks/private/snapshot.asp?privcapId=3768400|title=Company Overview of BT LookSmart|website=[[Bloomberg L.P.]]|access-date=28 April 2019}}</ref><ref>{{Cite web|url=http://www.independent.co.uk/news/business/bt-joins-looksmart-in-pounds-130m-venture-1125114.html|title=BT joins LookSmart in pounds 130m venture|date=11 November 1999|website=The Independent|language=en|access-date=28 April 2019}}</ref> In December 1999, LookSmart purchased [[FutureCorp]] and its free [[email]] service Start for more than $5 million from its co-founders Michael Mak and Bardia Housman.<ref name=":14">{{Cite news|last=|first=|date=March 26, 2002|title=Founders Start again after LookSmart's exit|work=[[The Sydney Morning Herald]]|url=https://www.smh.com.au/articles/2002/03/23/1016843083175.html|url-status=live|access-date=January 10, 2021|archive-url=https://web.archive.org/web/20020607023917/https://www.smh.com.au/articles/2002/03/23/1016843083175.html|archive-date=June 7, 2002}}</ref> Also in December, LookSmart acquired 14.5% of the voting stock of Dstore Pty Ltd. for $300,000.<ref name=":15">{{Cite web|last=|first=|date=2004|title=Report of Independent Registered Public Accounting Firm|url=https://www.sec.gov/Archives/edgar/data/1077866/000119312504214657/dex993.htm|access-date=2021-01-11|website=[[US Securities and Exchange Commission]]}}</ref>

In 2000, [[FindArticles]], a website which provided access to articles previously published in magazines, journals, and other sources, was founded<ref>{{Cite web|url=http://whois.domaintools.com/findarticles.com|title=FindArticles.com WHOIS, DNS, & Domain Info – DomainTools|website=whois.domaintools.com|access-date=16 December 2018}}</ref><ref name="ResourceShelf">{{cite web|url=http://www.resourceshelf.com/2007/11/09/looksmart-sells-findarticles-to-cnet-networks/|title=LookSmart Sells FindArticles to CNET Networks for $20.5 Million in Cash|last1=Price|first1=Gary|last2=Kennedy|first2=Shirl|date=9 November 2007|work=Resource Shelf|archive-url=https://web.archive.org/web/20080623004622/http://www.resourceshelf.com/2007/11/09/looksmart-sells-findarticles-to-cnet-networks/|archive-date=23 June 2008|url-status=dead|accessdate=18 July 2008}}</ref><ref name="BtoB2">{{cite web|url=http://www.btobonline.com/apps/pbcs.dll/article?AID=/20080211/FREE/629265722/1109/FREE|title=Bnet.com branches out: CNET business information site bulks up its content offerings|last=Schwartz|first=Matthew|date=11 February 2008|work=BtoB Online|publisher=BtoB|archive-url=https://web.archive.org/web/20110721090157/http://www.btobonline.com/apps/pbcs.dll/article?AID=%2F20080211%2FFREE%2F629265722%2F1109%2FFREE|archive-date=21 July 2011|url-status=dead|accessdate=18 July 2008}}</ref> as a partnership between LookSmart, which authored the search technology, and the [[Thomson Gale|Gale Group]], which provided the articles for a fee.<ref name="AAI">{{cite web|url=http://www.antitrustinstitute.org/Antitrust_Resources/Cases___Issues_in_the_NEWS/index.ashx|title=Cases and Issues in the News|publisher=American Antitrust Institute|archive-url=https://web.archive.org/web/20080503021903/http://www.antitrustinstitute.org/Antitrust_Resources/Cases___Issues_in_the_NEWS/index.ashx|archive-date=3 May 2008|url-status=dead|accessdate=18 July 2008}}</ref><ref>{{Cite book|title=The Web Library: Building a World Class Personal Library with Free Web Resources|last=Tomaiuolo|first=Nicholas|publisher=Information Today, Inc.|year=2004|isbn=0910965676|pages=[https://archive.org/details/weblibrarybuildi00toma/page/19 19]|url-access=registration|url=https://archive.org/details/weblibrarybuildi00toma/page/19}}</ref><ref>{{Cite web|url=http://www.findarticles.com/cf_0/PI/aboutus/index.jhtml|title=About FindArticles|website=FindArticles.com|archive-url=https://web.archive.org/web/20021002222936/http://www.findarticles.com/cf_0/PI/aboutus/index.jhtml|archive-date=2 October 2002|access-date=15 February 2019}}</ref>

In March 2000, LookSmart's stock price briefly peaked at $72 per share.<ref name=":12" /><ref name=":11">{{cite news|url=https://www.crikey.com.au/2009/01/14/thornley-2-looksmart-share-sell-off-remains-unexplained/|archive-url=https://web.archive.org/web/20091122162130/https://www.crikey.com.au/2009/01/14/thornley-2-looksmart-share-sell-off-remains-unexplained/|url-status=dead|archive-date=22 November 2009|title=Thornley 2: LookSmart share sell-off remains unexplained|last=Schwab|first=Adam|date=14 January 2009|work=[[Crikey]]}}</ref> On 28 March 2000, the [[International Olympic Committee]] (IOC) signed a sponsorship deal with LookSmart by adding a custom-built LookSmart directory to the [[Olympic Games]]' website.<ref>{{Cite news|url=https://www.nytimes.com/2000/03/28/technology/olympicscom-signs-sponsorship-deal.html|title=Olympics.com Signs Sponsorship Deal|date=28 March 2000|work=The New York Times|access-date=1 May 2019|language=en-US|issn=0362-4331}}</ref> On 30 May 2000, [[Juno Online Services]] reached an agreement with LookSmart to provide Juno's subscribers access to LookSmart's directory and LookSmart's stock jumped 8%.<ref>{{Cite web|url=https://www.cnet.com/news/juno-and-looksmart-strike-deal-shares-gain/|title=Juno and LookSmart strike deal, shares gain|date=30 May 2000|website=CNET|language=en|access-date=25 March 2019}}</ref> On 26 July 2000, AltaVista reached an agreement with LookSmart for it to be their exclusive directory provider.<ref>{{Cite web|url=https://www.cnet.com/news/looksmart-pays-portals-to-use-its-service/|title=LookSmart pays portals to use its service|last=Festa|first=Paul|date=26 July 2000|website=CNET|language=en|access-date=25 March 2019}}</ref> In October 2000, the company acquired [[Zeal (web)|Zeal]] for $20 million.<ref name="wise">{{cite news|url=https://www.forbes.com/2000/10/04/1004looksmart.html|title=LookSmart Gets Wise To Value of Volunteers|date=4 October 2000|work=[[Forbes]]}}</ref><ref name="200710K" />

As a result of the dot-com bubble bursting in late 2000, the company fired 172 employees or 31% of its staff in January 2001 to cut costs.<ref>{{cite news | url=https://www.bizjournals.com/sanjose/stories/2001/01/08/daily59.html | title=Layoffs for Looksmart | work=[[American City Business Journals]] | date=12 January 2001}}</ref> Also in January, LookSmart shut down Inside The Web and LookSmart Live! due to them being unrelated to their core business model.<ref name=":4" /> On 17 January 2001, the company reached a deal to provide product categories from its directory to [[Amazon (company)|Amazon]].<ref>{{Cite web|url=https://www.cnet.com/news/looksmart-inks-directory-deal-with-amazon/|title=LookSmart inks directory deal with Amazon|date=17 January 2001|website=CNET|language=en|access-date=25 March 2019}}</ref>

Also after the dot-com bubble burst, LookSmart paid $90,000 to transfer 52.8% of its ownership of FutureCorp back to its founders.<ref name=":14" /><ref name=":15" />

=== 2002–2003 ===
On 12 March 2002, LookSmart announced that they would be acquiring [[WiseNut]] for about $9.25 million in stock.<ref>{{Cite web|url=https://www.dmnews.com/marketing-channels/news/13085879/looksmart-to-buy-wisenut-search-engine-in-925-million-deal|title=LookSmart to Buy WiseNut Search Engine in $9.25 Million Deal|last=Tomasula|first=Dean|date=13 March 2002|website=DMNews.com|language=en|access-date=3 June 2019}}</ref> LookSmart completed their acquisition of WiseNut in April.<ref>{{Cite web|url=https://www.cnet.com/news/looksmart-completes-purchase-of-wisenut/|title=LookSmart completes purchase of WiseNut|date=8 April 2002|website=CNET|language=en|access-date=25 March 2019}}</ref> In June 2002, Thornley resigned as CEO but stayed on as chairman<ref name=":1">{{cite news|url=https://www.theage.com.au/articles/2002/06/29/1023864671788.html|title=Thornley tips LookSmart profits after boardroom showdown|last1=Sinclair|first1=Jenny|date=2 July 2002|work=[[The Age]]|last2=Zetter|first2=Kim}}</ref> and three of the seven members of the [[board of directors]] resigned in response, including Robert Ryan, Myriann Byerwalter and James Tananbaum.<ref name=":1" /><ref>{{Cite web|url=https://www.cnet.com/news/looksmart-replaces-chief-with-coo/|title=LookSmart replaces chief with COO|last=Olsen|first=Stefanie|date=2 July 2002|website=CNET|language=en|access-date=25 March 2019}}</ref> In July 2002, BT LookSmart acquired UK Plus from Associated New Media (ANM) for an undisclosed amount.<ref>{{Cite web|url=https://www.thefreelibrary.com/BT+LookSmart+buys+UK+Plus+search+engine.-a089634496|title=BT LookSmart buys UK Plus search engine.|date=2002|website=The Free Library from [[Farlex]]|access-date=29 January 2019}}</ref><ref>{{Cite web|url=https://www.theregister.co.uk/2002/12/04/bt_looksmart_has_ceased/|title=BT LookSmart has ceased to be|last=Cullen|first=Drew|date=4 December 2002|website=The Register|language=en|access-date=28 April 2019}}</ref> On 1 October 2002, Jason Kellerman became the CEO of LookSmart, having previously served as [[Chief operating officer|COO]] of the company.<ref>{{Cite web|url=https://www.bizjournals.com/sanjose/stories/2002/09/30/story6.html|title=LookSmart aims to outsmart Google with its new offering|last=Mullins|first=Robert|date=29 September 2002|website=[[American City Business Journals]]|archive-url=https://web.archive.org/web/20031230070607/https://www.bizjournals.com/sanjose/stories/2002/09/30/story6.html|archive-date=30 December 2003|access-date=28 January 2019}}</ref> In early-December 2002, LookSmart paid US$3.5 million in cash and 1 million in LookSmart shares to purchase BT LookSmart from BT Group and subsequently shut down the joint venture.<ref name=":9">{{Cite web|url=https://www.smh.com.au/technology/looksmart-buys-out-and-shuts-down-joint-venture-with-bt-20021205-gdfx4x.html|title=LookSmart buys out and shuts down joint venture with BT|date=5 December 2002|website=The Sydney Morning Herald|language=en|access-date=28 April 2019}}</ref> LookSmart also returned US$1.5 million in restricted cash that was to be used for the funding of the joint venture.<ref name=":9" />

In January 2003, LookSmart acquired Intellectual property rights from [[Grub (search engine)|Grub]] for $1.3 million in cash and stock.<ref>[https://www.sec.gov/Archives/edgar/data/1077866/000119312504214657/dex993.htm LookSmart SEC filing], 2003</ref> On 6 March 2003, LookSmart announced that they had renewed an agreement with [[Time Warner Cable|Time Warner Cable's]] Road Runner division to continue providing directory listings for Road Runner subscribers.<ref>{{Cite web|url=https://www.cnet.com/news/looksmart-renews-road-runner-deal/|title=LookSmart renews Road Runner deal|last=Olsen|first=Stefanie|date=6 March 2003|website=CNET|language=en|access-date=25 March 2019}}</ref> On 9 July 2003, LookSmart announced that they had reached an agreement to provide listing services in the United States for web portal [[Terra Lycos]].<ref>{{Cite web|url=https://www.cnet.com/news/looksmart-licenses-search-to-lycos/|title=LookSmart licenses search to Lycos|last=Olsen|first=Stefanie|date=9 July 2003|website=CNET|language=en|access-date=25 March 2019}}</ref>

In August 2003, LookSmart stated in a financial report that Microsoft, which accounted for 64% of the company's listing revenues in the last 6 months and 70% of the company's overall revenue, started testing its own search technology without LookSmart's listings on some of its websites in the [[United Kingdom]] and LookSmart's stock dropped more than 20% on 15 August and continued dropping on 18 August.<ref name=":5" /><ref>{{cite news | url=https://www.zdnet.com/article/looksmarts-microsoft-deal-looks-rocky/ | title=LookSmart's Microsoft deal looks rocky | first=Matt | last=Hines | work=[[ZDNet]] | date=18 August 2003}}</ref> Also in August, William Lonergan became the new [[CFO]] of LookSmart.<ref>{{Cite web|url=https://www.bizjournals.com/sanjose/stories/2003/08/25/daily5.html|title=LookSmart names new CFO|date=25 August 2003|website=[[American City Business Journals]]|archive-url=https://web.archive.org/web/20031026093214/https://www.bizjournals.com/sanjose/stories/2003/08/25/daily5.html|archive-date=26 October 2003|access-date=28 January 2019}}</ref> In October 2003, LookSmart reintroduced its bid-for-placement ads in order to compete with [[Google]] and [[Yahoo!]], which were previously offered through LookSmart's UK division.<ref>{{Cite web|url=https://www.cnet.com/news/looksmart-reintroduces-bid-for-placement-ads/|title=LookSmart reintroduces bid-for-placement ads|last=Olsen|first=Stefanie|date=2 October 2003|website=CNET|language=en|access-date=25 March 2019}}</ref> On 6 October 2003, Microsoft announced that it would not renew its agreement with LookSmart and the company's stock price plunged 52.3% in a day and its stock fell to $1.44 per share.<ref name=":5">{{cite news | url=https://www.forbes.com/free_forbes/2005/1031/182.html | archive-url=https://web.archive.org/web/20051029074606/http://www.forbes.com/free_forbes/2005/1031/182.html | url-status=dead | archive-date=29 October 2005 | title=Your Big Best Friend—Or Not | first=Kurt | last=Badenhausen | work=[[Forbes]] | date=31 October 2005}}</ref><ref name=":7">{{Cite web|url=https://www.shareholder.com/looksmart/releaseDetail.cfm?ReleaseID=119375|title=MSN Agreement With LookSmart to End January 15, 2004|date=6 October 2003|website=www.shareholder.com|archive-url=https://web.archive.org/web/20031018023247/https://www.shareholder.com/looksmart/releaseDetail.cfm?ReleaseID=119375|archive-date=18 October 2003|access-date=25 March 2019}}</ref><ref>{{cite news | url=https://www.bizjournals.com/sacramento/stories/2003/10/06/daily17.html | title=Deal with Microsoft dies and LookSmart's stock plummets | work=[[American City Business Journals]] | date=7 October 2003}}</ref> In response to this, LookSmart fired half of its employees in December 2003.<ref>{{Cite web|url=https://www.cnet.com/news/looksmart-to-lay-off-half-of-staff/|title=LookSmart to lay off half of staff|last=Hu|first=Jim|date=12 December 2003|website=CNET|language=en|access-date=25 March 2019}}</ref>

In September 2003, the company settled a lawsuit filed in May 2002 by Legal Staffing Partners after the company converted thousands of websites that originally had paid a onetime submission fee into a cost-per-click payment model.<ref name="enterprise" /><ref>{{Cite web|url=https://www.cnet.com/news/looksmart-fees-backfire-into-lawsuit/|title=LookSmart fees backfire into lawsuit|last=Olsen|first=Stefanie|website=CNET|language=en|access-date=25 March 2019}}</ref>

In 2003, LookSmart had a net income of $5.8 million and made $140.9 million in revenue.<ref>{{Cite web|url=https://www.bizjournals.com/sanjose/stories/2004/02/02/daily59.html|title=LookSmart sees higher revenue, lower profit|date=4 February 2004|website=[[American City Business Journals]]|archive-url=https://web.archive.org/web/20040224220300/https://www.bizjournals.com/sanjose/stories/2004/02/02/daily59.html|archive-date=24 February 2004|access-date=28 January 2019}}</ref>

=== 2004–2009 ===
In January 2004, LookSmart sold its Australian operations to [[Telstra]]'s online division Sensis and most of LookSmart's 30 employees in Australia started working for Sensis.<ref name="smart" /> Also in January, Jason Kellerman resigned as CEO of LookSmart and was temporarily replaced as CEO by Damian Smith.<ref>{{Cite web|url=https://www.cnet.com/news/looksmart-chief-resigns/|title=LookSmart chief resigns|last=Olsen|first=Stefanie|date=21 January 2004|website=CNET|language=en|access-date=25 March 2019}}</ref> Starting on 15 January 2004, LookSmart's directory listings were no longer shown on [[Bing (search engine)|MSN Search]].<ref name=":7" /> In April 2004, LookSmart acquired [[Net Nanny]] from BioNet Systems, LLC for $5.3 million in stock and cash.<ref>{{Cite web|url=https://www.bizjournals.com/seattle/stories/2004/04/26/daily31.html|title=BioNet sells Net Nanny for $5.3M|date=29 April 2004|website=[[American City Business Journals]]|access-date=29 January 2019}}</ref> On 1 July 2004, Teresa Dial replaced Thornley as chairman of the company.<ref>{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1077866/000119312504110380/dex999.htm|title=TERESA DIAL ELECTED CHAIR OF LOOKSMART BOARD|date=28 June 2004|website=[[U.S. Securities and Exchange Commission]]|access-date=3 February 2019}}</ref>

In 2005, LookSmart was forced to consolidate its shares after facing suspension from the NASDAQ.<ref name=":11" /> On 15 March 2005, LookSmart had a market cap of $96.21 million and its stock price was at $0.85 per share.<ref>{{Cite web|url=http://finance.yahoo.com/q/bc?s=LOOK&t=5y&l=off&z=m&q=l&c=|title=LookSmart Ltd (LOOK)|date=15 March 2005|website=[[Yahoo! Finance]]|archive-url=https://web.archive.org/web/20050316063925/http://finance.yahoo.com/q/bc?s=LOOK&t=5y&l=off&z=m&q=l&c=|archive-date=16 March 2005|access-date=2 May 2019}}</ref> In May 2005, LookSmart started providing [[Ask.com]] with its sponsored listings.<ref name=":8" /> On 28 March 2006, LookSmart closed the Zeal directory.<ref>{{Cite web|url=https://www.searchenginejournal.com/looksmart-closes-zeal-concentrates-on-furlnet/3161/|title=Looksmart Closes Zeal, Concentrates on Furl.net|date=23 March 2006|website=Search Engine Journal|language=en|access-date=7 January 2019}}</ref>

In January 2007, ContentWatch Inc. acquired Net Nanny from LookSmart.<ref>{{Cite web|url=https://www.netnanny.com/company/press/netnanny/|title=ContentWatch Inc. Acquires Net Nanny from LookSmart Ltd.|website=www.netnanny.com|language=en-US|access-date=29 January 2019}}</ref> John Simonelli, the CFO and COO of LookSmart, resigned in June 2007.<ref>{{cite news | url=https://www.bizjournals.com/sanfrancisco/stories/2007/06/04/daily47.html | title=LookSmart's CFO to step down | work=[[American City Business Journals]] | date=7 June 2007}}</ref><ref>{{Cite web|url=https://searchengineland.com/good-news-bad-news-looksmart-cfo-resigns-company-ups-guidance-11425|title=Good News, Bad News: LookSmart CFO Resigns, Company Ups Guidance|last=Sterling|first=Greg|date=8 June 2007|website=Search Engine Land|archive-url=https://web.archive.org/web/20110522210845/https://searchengineland.com/good-news-bad-news-looksmart-cfo-resigns-company-ups-guidance-11425|archive-date=22 May 2011|access-date=1 March 2019}}</ref> On 17 July 2007, the company sold Grub to [[Wikia]]<ref>{{cite news | url=https://www.theregister.co.uk/2007/07/27/wikia_grub_looksmart/ | title=Wikia snatches open search software from LookSmart | first=Ashlee | last=Vance | author-link=Ashlee Vance | work=[[The Register]] | date=27 July 2007}}</ref> for $50,000.<ref name=200710K>{{cite web | url=https://www.sec.gov/Archives/edgar/data/1077866/000119312507242517/d10q.htm | title=LOOKSMART, LTD. 2007 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]]}}</ref> On 1 August 2007, David Hills resigned as CEO of LookSmart and Edward West was appointed CEO the same day.<ref>{{Cite news|url=https://www.reuters.com/article/looksmart-ceo-idUSWNAS930220070801|title=LookSmart CEO resigns, interim replacement named|date=1 August 2007|work=Reuters|access-date=12 February 2019|language=en}}</ref> Also in August, LookSmart's management made the decision to exit [[consumer products]] and sell or dispose of their websites and assets associating with their consumer properties revenue stream.<ref name="200710K" /> Further developments in 2007 included Michael Grubb resigning as [[Chief technology officer|CTO]] of LookSmart on 7 September 2007,<ref>{{Cite web|url=https://searchengineland.com/looksmart-cto-resigns-12111|title=LookSmart CTO Resigns|last=Sterling|first=Greg|date=6 September 2007|website=Search Engine Land|archive-url=https://web.archive.org/web/20100102133032/https://searchengineland.com/looksmart-cto-resigns-12111|archive-date=2 January 2010|access-date=1 March 2019}}</ref> LookSmart closing WiseNut in late-September,<ref>{{Cite web|url=http://www.wisenut.com|archive-url=https://web.archive.org/web/20070927204028/http://www.wisenut.com/|url-status=dead|archive-date=27 September 2007|title=WiseNut|date=27 September 2007|website=WiseNut|access-date=10 January 2019}}</ref><ref>{{Cite web|url=http://www.wisenut.com|archive-url=https://web.archive.org/web/20070929110758/http://www.wisenut.com/|url-status=dead|archive-date=29 September 2007|title=WiseNut|date=29 September 2007|website=WiseNut|access-date=10 January 2019}}</ref> the company delisting from the Australian Securities Exchange on 1 October,<ref>{{Cite news|url=https://www.reuters.com/article/looksmart-delisting-idUSN2142112020070622|title=LookSmart to be delisted in Australia 1 Oct.|date=22 June 2007|work=Reuters|access-date=17 February 2019|language=en}}</ref> the company selling Zeal on 15 October for $50,000,<ref name="200710K" /> the company selling FindArticles to [[CNET Networks]] on 9 November for $20.5 million,<ref name="200710K" /><ref name="Wired">{{cite web |url=http://blog.wired.com:80/business/2007/11/cnet-buys-finda.html#previouspost |archive-url=https://web.archive.org/web/20080118111118/http://blog.wired.com/business/2007/11/cnet-buys-finda.html#previouspost |url-status=dead |archive-date=18 January 2008 |title=CNet Buys FindArticles From a Similarly Regrouping LookSmart |accessdate=18 July 2008 |last=Russell |first=Terrence |date=8 November 2007 |work=Wired Blog Network |publisher=[[Wired (magazine)|Wired]] }}</ref><ref name="VentureBeat">{{cite web |url=https://venturebeat.com/2007/11/08/cnet-buys-findarticlescom-from-looksmart-for-205-million/ |title=CNet buys FindArticles.com from LookSmart for $20.5 million |accessdate=18 July 2008 |last=Eldon |first=Eric |date=8 November 2008 |work=Venture Beat}}</ref> and William Bush being appointed CFO of LookSmart on 20 December.<ref>{{Cite web|url=http://investor.shareholder.com/looksmart/releasedetail.cfm?ReleaseID=282928|title=LookSmart Appoints New Chief Financial Officer|date=20 December 2007|website=investor.shareholder.com|archive-url=https://web.archive.org/web/20071224052203/http://investor.shareholder.com/looksmart/releasedetail.cfm?ReleaseID=282928|archive-date=24 December 2007|access-date=30 January 2019}}</ref>

On 14 January 2009, LookSmart had a market cap of US$28 million and its stock price was at $0.14 per share.<ref name=":11" /> In March 2009, the company sold Furl to [[Diigo]].<ref name="furl">{{cite news|url=https://techcrunch.com/2009/03/09/diigo-buys-web-page-clipping-service-furl-away-from-looksmart/|title=Diigo Buys Web Page Clipping Service Furl Away From Looksmart|date=9 March 2009|work=[[TechCrunch]]}}</ref> In May 2009, Ask.com, which accounted for 89% of LookSmart's company publisher solutions revenue in the first quarter of 2009, announced that it would not renew its contract with LookSmart for sponsored listings.<ref name=":8" /> In December 2009, Jean-Yves Dexmier became the CEO of LookSmart.<ref>{{Cite web|url=https://www.bloomberg.com/profiles/people/1443402-jean-yves-f-dexmier|title=Jean-Yves Dexmier, Former Chairman, Looksmart Ltd|website=[[Bloomberg L.P.]]|access-date=19 March 2019}}</ref> On 31 December 2009, Ask.com ended its contract with LookSmart for sponsored listings.<ref name=":8">{{Cite web|url=https://searchenginewatch.com/sew/news/2052311/askcom-will-not-renew-contract-looksmart|title=Ask.com Will Not Renew Contract with LookSmart|last=Johnson|first=Nathania|date=26 May 2009|website=Search Engine Watch|language=en-US|access-date=12 February 2019}}</ref>

=== 2013–present ===
In February 2013, Michael Onghai became the CEO of LookSmart.<ref>{{Cite web|url=https://mgtci.com/team/michael-onghai/|title=Michael Onghai|website=MGT Capital Investments|language=en-US|access-date=13 February 2019}}</ref> On 2 September 2013, LookSmart's [[Canada|Canadian]] subsidiary, LookSmart Canada Ltd., acquired assets of Syncapse Corp. upon court approval for $3 million.<ref>{{Cite web|url=http://biz.yahoo.com/e/130906/look8-k.html|archive-url=https://web.archive.org/web/20130908154914/http://biz.yahoo.com/e/130906/look8-k.html|url-status=dead|archive-date=8 September 2013|title=Form 8-K for LOOKSMART LTD|date=8 September 2013|website=[[Yahoo! Finance]]|access-date=9 January 2019}}</ref> On 22 September 2014, LookSmart announced the launch of its [[Information technology|Information Technology]] services offering Novatech.io.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/looksmart-announces-its-novatech-managed-it-services-offering-276208391.html|title=LookSmart Announces its NovaTech Managed IT Services Offering|date=22 September 2014|website=PR Newswire|language=en|archive-url=https://web.archive.org/web/20150410111157/https://www.prnewswire.com/news-releases/looksmart-announces-its-novatech-managed-it-services-offering-276208391.html|archive-date=10 April 2015|url-status=live|access-date=20 May 2019}}</ref>

On 16 July 2015, the company had a market cap of around $3.6 million and its stock price was at $0.63 per share.<ref>{{Cite web|url=http://www.nasdaq.com:80/symbol/look|title=LookSmart, Ltd. Stock Quote & Summary Data|date=16 July 2015|website=[[NASDAQ]]|archive-url=https://web.archive.org/web/20150717091324/http://www.nasdaq.com/symbol/look|archive-date=17 July 2015|url-status=live|access-date=17 January 2019}}</ref> In October 2015, the company transferred all of its assets to its subsidiary, LookSmart Group Inc. and spun off the ownership of LookSmart Group to its shareholders.<ref name=":0" /> LookSmart, Ltd., the company's former entity, completed a merger with Maritime Technologies Corp., a subsidiary of Pyxis Tankers Inc., on 28 October.<ref name=":0">{{cite press release | url=https://www.prnewswire.com/news-releases/pyxis-tankers-inc-completes-merger-with-looksmart-ltd-and-expects-to-commence-trading-on-the-nasdaq-capital-market-today-538019201.html | title=Pyxis Tankers Inc. Completes Merger with LookSmart, Ltd. and Expects to Commence Trading on the NASDAQ Capital Market Today | publisher=[[PR Newswire]] | date=28 October 2015}}</ref>

On 24 March 2017, LookSmart Group completed a merger with its subsidiary, LookSmart Capital Inc. and LookSmart Group announced that it would de-register its common stock and suspend its public reporting obligations.<ref name=":13">{{cite press release | url=https://www.prnewswire.com/news-releases/looksmart-group-effects-1-for-100-reverse-stock-split-to-deregister-applies-to-become-otc-pink-currentalternative-reporting-300429177.html | title=LookSmart Group Effects 1 For 100 Reverse Stock Split, To Deregister, Applies To Become OTC Pink Current/Alternative Reporting | publisher=[[PR Newswire]] | date=24 March 2017}}</ref> The company changed its trading symbol to LKSTD for 20 business days and changed its trading symbol back to LKST afterwards.<ref name=":13" />

On 3 April 2017, LookSmart Group announced the launch of its new [[data center]] building located in [[Central Phoenix, Arizona|Central Phoenix]], [[Arizona]] as a technology center, Silicon Canyon.<ref>{{Cite web|url=http://finance.yahoo.com/news/looksmart-launches-silicon-canyon-businesses-165300202.html|title=Looksmart Launches Silicon Canyon for Businesses Owned by Veterans, Minorities, and Immigrants in Phoenix, AZ|date=3 April 2017|website=[[Yahoo Finance]]|language=en-US|access-date=13 February 2019}}</ref> On 13 April 2017, LookSmart Group announced partnerships with the Clickable Institute of Technology, Entrepreneurship and Digital marketing and Richie Bello West to help [[veteran]]s, [[Minority group|minorities]] and [[Immigration|immigrants]] at Silicon Canyon.<ref name=":3">{{Cite web|url=https://www.accesswire.com/459728/LookSmart-Group-Inc-and-Silicon-Canyon-Announce-Clickable-Institute-and-Richie-Bello-West-Partnerships|title=LookSmart Group Inc. and Silicon Canyon Announce Clickable Institute and Richie Bello West Partnerships|date=13 April 2017|website=Accesswire|access-date=13 February 2019}}</ref>