Ancestry subscribers stick around for 17 years — LOL — a big oops for MadMoney

Ancestry.com, which will trade under the ticker symbol ACOM, runs a subscription-based genealogy site. The company digs through billions of historical records to help subscribers name the branches on their respective family trees. While the venture may seem boring to the younger social-media set, a million people are willing to pay for the service. And still more are signing up. Subscriptions are growing at a rate of 11%, with an average monthly fee of $16.50....
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Jim Cramer discussed Ancestry.com on Mad Money

But why the heck would you want to buy it?… I mean the flipper guys like it… the investors like it… what are they seeing?… I will tell you what they are seeing… first of all I bet many of you would never even consider going to a website that lets you identify and search thru your family tree… I mean this company may seem like many of the pointless .com IPO’s that have were...
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