Quepasa  Quepasa Corporation was a US-based social media technology company catering to Latin Audiences worldwide. Quepasa owned and operated Quepasa.com, a social network, Quepasa Games (formerly Techfront), a social game development studio, and Quepasa Contests, a social media advertising solution (formerly Quepasa DSM). Initially founded as a Hispanic web portal and later revived by its founder as a social network that grew to over 30 million users, Quepasa was the first publicly traded company focused on the bilingual English/Spanish language U.S. Hispanic internet demographic. In 2012, Quepasa suspended operations after a $100 million acquisition, name change and sale to MeetMe. Founded in Phoenix, Arizona, and later with headquarters in West Palm Beach, Florida (with offices in Scottsdale, Dallas, Los Angeles, Miami and Mexico), Quepasa Corporation owned Quepasa.com, one of the world's largest, bicultural and bilingual Latino Social Networks on-line. Quepasa.com, and sister site Corazones.com served users in the U.S., Mexico, Latin America and the world in Spanish, English, and Portuguese. In July, 2011, the company merged with teen social network myYearbook  Quepasa Corporation was founded by Jeffrey Peterson and co-founded by Michael Silberman in 1997. The company was headquartered in Phoenix, Arizona, with offices in Los Angeles, California and West Palm Beach, Florida. In 1998 Quepasa raised US$20 million from private investors, including television broadcaster Telemundo and Phoenix sports businessman Jerry Colangelo. Costa Rican president Jose Maria Figueres and former CNBC chief business commentator William Siedman joined the board of directors. Quepasa had its initial public offering on the Nasdaq Stock Market on June 24, 1999, selling 4.6 million shares at $12 per share. During the first two weeks the value increased to $26 per share. By July 1999, Quepasa had raised over $100 million. Quepasa shares registered billions of dollars per month in trading volume on Nasdaq during the dot-com Internet boom. In July 2011, the company led a merger with myYearbook a teen focused social network. In 1999 Quepasa invested tens of millions of dollars in thousands of outdoor Spanish-language billboard advertisements, network radio promotions and various national television brand-building campaigns featuring the music of its corporate spokesperson and investor, Gloria Estefan. At the peak of the Internet boom in the year 2000, market research firm Cheskin Research ranked Quepasa as the most popular destination for U.S. Hispanics, despite costly marketing campaigns by Starmedia and Terra.