The WELL is bought by its users

The WELL, the online community which started out life more than 20 years ago as the Whole Earth Lectronic Link, has been sold to a company founded by some of its long-time users. It has had many owners in its storied history, but its most recent owner, Salon, is the first public company to own the WELL, which raised numerous questions about whether Salon could legally sell the site to the users without trying to realise greater value for its shareholders, including through the sale of the well.com domain name.

Many WELL users have pledged money for a user buyout, and a group of them negotiated with Salon to make the purchase — via redwolf.newsvine.com