Facebook Reports Better Than Expected Earnings, $2.5 Billion in Revenue & Has Over 1 Billion Mobile Users

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Facebook reported first quarter earnings after the close today.  Earnings beat expectations coming in at $0.34 cents a share.  The company now has 802 million daily users with 609 million of those being mobile.

The company was trading down on Wednesday but is up in after hours.

61.36

-1.67 (-2.65%)

After Hours: 63.69 +2.33 (3.80%) Apr 23, 6:46PM EDT

Tech Crunch covered the release here

Facebook’s is getting more and more mobile, now with 1.01 billion users on small screens. It’s Q1 2014 earnings show it beat expectations, earning $2.5 billion in revenue with an $0.34 EPS. It now has 1.28 billion total monthly users, 802 million daily users, and 609 million daily mobile users. Facebook continued its march to become a mobile ad company with 59% of ad revenue coming from portable devices. Wall Street had expected $2.36 billion in revenue and earnings of 24 cents per share.

Compared to Q4 2103, Facebook’s total user count is up 4% from 1.23 billion total monthly users, total daily user count is up 5.9% from 757 million, and daily mobile user count is up 9.5% from 556 million. Mobile ads made up 53% of ad revenue in Q4, the first time they peaked over 50%, and now account for 57% of ad revenue.

Time Magazine covered the release here

Facebook once again exceeded analyst projections in its latest quarterly earnings report Wednesday, as the world’s largest social network continued to show investors it can transition its advertising business to mobile devices.

Apple Reports Second Quarter Earnings – Stock up in After Hours Trading

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Apple just reported second quarter earnings and the stock is up in after hours trading. The stock closed down 1.31 % to $524.75 on the trading day but is up $43 in after hours trading.

Apple Inc.

NASDAQ: AAPL – Apr 23 5:25 PM ET

524.75-6.95 (-1.31%)
After Hours: 568.20+43.45 (8.28%)
The company announced a 7 for 1 stock split.

From 9 to 5 Mac

Apple just announced its second quarter results for 2014 with revenue for the quarter coming in at $45.6 billion. That’s compared to the guidance it previously provided of $42 – $44 billion and estimates by analysts averaging approximately $43.5B. Apple’s $45.6 billion in revenue reported today is also up from the $43.6 billion in revenue in the year ago quarter.

Break down of device sales for Q2 2014 include 43.7m million iPhones, 16.3 million iPads, and 4.1 million Macs. Compare that to an average of 38M iPhones, 19.3M iPads, 4M Macs, and 3M iPods predicted by the analysts leading up to today. In the same quarter last year, Apple sold 37.4 million iPhones, 19.5 million iPads, just under 4 million Macs, and 5.6 million iPods.

It also reported net quarterly profit of $10.2 billion, or $11.62 per diluted share in contrast to quarterly net profit of $9.5 billion, or $10.09 per diluted share in the same quarter last year.

Read full article here

UPDATED: The Rise and Fall Of Oversee.net

With the news that Oversee.net sold DomainSponsor.com as well as their owned and operated domain portfolio which reportedly numbered between 700K and 1M domains, to Rook Media, it marks the end of to a 14 year run of one of the biggest companies to ever exist in the domain space.

It’s important to point out that the current management of Oversee.net including Debra Domeyer who was just appointed CEO back on March 2, 2012 were not involved in much of what happened to this company over the years.

It’s a really interesting story on many levels

Since the company is not public we can only take information that was made publicly available.

It’s just my opinion but it could be that Oversee may have lost the most money of any company in the domain name space.  As I said don’t have all the numbers, so it’s just a guess but an educated guess.

Also on a personal note, over the years I have done  millions of dollars in business with Oversee.net starting from the days when Ron Sheridan got my company Worldwide Media, Inc, to place its domain name portfolio at DomainSponsor to spending money with Moniker and Snapnames, so I find the story kind of sad and it brings me no pleasure in reporting and revisiting the timeline and stories

Keep in mind that while Oversee.net was founded in 2000 and DomainSponsor in 2002, we didn’t start writing TheDomains.com until in December 2007.

Here is a timeline of the company with a lot of assistance of  CrunchBase.com as well as other sources including TheDomains.com

2000:                        Oversee is founded by CEO and Co-Founder Lawrence Ng.

September 2001:   Oversee named  Ron Sheridan as Director of  Business Development

July 2006:              Oversee named  Jothan Frakes as Senior Director

July 2006:              Oversee names Jeff Kupietzky as CEO

January 2007:       Oversee receives $60M in Debt funding from Bank of America

February  2007:    Oversee holds the First Domainfest Conference in Hollywood

June 2007:             Oversee acquires SnapNames for a reported $35M.

July 2007:              Oversee named Mason Cole as Vice President of Communications & Industry who had worked for Snapnames since 2001

July 2007:              Oversee announces buying $7 Million in domains in May & 66 portfolio’s in past 10 months & Has over 600K domains

October 2007        Namejet.com is formed and Network Solutions & Register.com leave SnapNames.com

December 2007:   Oversee acquires Moniker for $65M

January 2008:      Oversee added Lawrence Ng as Chairman.

January 2008:      Oversee receives $150M in Private Equity funding from Oak Hill Capital Partners

August 2008:         Oversee fires 10% of its staff

November 2008:  Jeff Kupietzky named President of Oversee.net

January 2009:       Oversee lays off 18% of its workforce 39 people including Jothan Frakes

February 2009:     Third Domainfest held resulting in $3,148,000

January 2010:        Fourth Domainfest live auction produced $930K in Sales plus a low reserve auction of $150,000

May 2010:               Oversee holds a Domainfest in Florida and the auction generated over $2 Million in Sales.

December 2010:     Monte Cahn who headed up Moniker, the live domain auctions and Snapnames.com leaves the company.

January 2011:          Oversee acquires ShopWiki.com for undisclosed amount

January 2011:          Oversee names Scott Morrow and Debra Domeyer as Co-Presidents.

February 2011:        Domainfest live auction generates $500K in Sales but over a hundred people got a mysterious illness from the party at the Playboy Mansion

May 2011:                Monte Cahn files suit against Oversee, CEO Jeff Kupietzky and founder Lawrence Ngover $13 Million dollar incentive plan

July 2011:                Jeff Kupietzky resigns as CEO of Oversee

September 2011:    Oversee.net “lays off” 13% of its Staff

February 2012:       Oversee.net sells its Moniker & SnapNames domain aftermarket and registrar business units to KeyDrive S.A. for an undisclosed amount.

March 2012:            Debra Domeyer & Scott Morrow are promoted to Co-CEOs and will also hold seats on the Board of Directors.

August 2012:           Monte Cahn Settles Lawsuit for an undisclosed amount

April 2014:               Oversee.net sells DomainSponsor and its domain portfolio for an undisclosed amount.

Of course the timeline only tells part of the story, as Paul Harvey used to say now for the rest of the story as told over the years on TheDomains.com

On January 15, 2008 we reported that Oversee received $150,000,000 investment from Oak Hill Capital Partners, a lot of that money was used to buy Moniker.com and Snapnames.com

When they acquired SnapNames.com, it was the largest drop aftermarket and had exclusive arrangements with the then largest domain name registrars to auction off their dropped domains including NetworkSolutions.com and Enom.com.

Of course the price Oversee paid for SnapNames.com was based on all the business Snapnames.com had done in the years previous to the sale selling drop domains for these registrars, however just a couple of months after acquiring Snapnames.com, NetworkSolutions.com and Enom.com  used an escape clause in its contract with SnapNames.com (which Oversee either didn’t see or didn’t consider) to exist SnapNames.com.

Not only did that cause SnapNames to lost its most valuable drop inventory but to add to its problems NetSol and Enom.com started their own drop service NameJet.com to compete with SnapNames.com which of course went on to become the largest domain drop auction house.

Then we learned that a former employee of SnapNames.com had engaged in bid rigging, which came to be known in the domain industry as the Halvarez scandal.

Oversee lost three ways on the The Halvarez scandal.

Oversee had to refund Millions of dollars to bidders for bids placed back when they didn’t own SnapNames.com; the rigged bids artificially inflated the revenue numbers for SnapNames.com for the year previous to Oversee purchase, which in turn increased the amount which Oversee paid to buy SnapNames.com and Oversee’s reputation in the domain industry took a big hit.

Here are some of the stories we wrote about the Halvarez scandal.

Oversee Uncovers Huge Inside Bidding Scheme At SnapNames.com & Will Offer Refunds 11/04/09

Can Oversee Get Some Of The Money They Paid For Snapnames.com Back? 11/04/09

The 5 Most Surprising Things That Came Out Of The SnapNames Scandal 11/05/09

Will “Halvarez” Face Criminal Charges? It Maybe Up To You  11/07/09

Breaking News: SnapNames.com Puts Back Auction History To August 2004 11/07/09

12,000 Auctions: The Halvarez Effect On Our Account (So Far) 11/08/09

12,000 Auctions, 8,900 Bidders and 350,000 Bids: We Conclude Halvarez Was The Only Shill Bidder At Snapnames 11/12/09

An Open Letter To Oversee/SnapNames.com: Hey Guys Here Is A Plan To Fix The Halvarez Scandal 11/17/09

I Just Signed Off & Accepted The Snapnames Settlement Agreement 1/07/10

Then in 2009 Oversee bought Moniker.com but by and saw tremendous loss of domains under management once Monte Cahn left the company at the end of 2010.

By April 2011 Moniker.com had dropped to the 8th largest registrar, by June 2011 they dropped to the 9th.

Today Moniker.com is the 17th largest registrar.

In 2010 some insiders of Oversee.net put there shares up for sale on SecondMarket.com based on an implied valuation of Oversee of over $1 Billion dollars and there was talk about the company going public.

So from a company with an implied valuation of over $1 billion dollars in 2010 to have just a handful of developed sites, well for me and in my opinion its kind of sad.

Dot Chinese Online & Dot Chinese Website’s Landrush Period Closes at 3:55AM UTC

The land rush period for Dot Chinese Online (.在线) & Dot Chinese Website (.中文网) TLDs  Closes at 3:55AM UTC
According to an email we just received  Dot Chinese Online (.在线) & Dot Chinese Website (.中文网) TLDs have “been amonsgt the most successful in the history of ICANN’s New gTLD Program.”

Landrush for Dot Chinese Online (.在线) & Dot Chinese Website (.中文网) ends at the following times:

UTC – Thursday April 24 at 03:55
China – Thursday April 24 at 11:55
New York – Wednesday April 23 at 23:55

The key facts about Dot Chinese Online & Dot Chinese Website:

“Of all New gTLDs, we had the largest number of Domains Under Management (DUMs) on the first day of Landrush (more than 10,000 DUMs in both TLDs as at March 20, 2014)
We have booked $584,000 in premium domain name sales since our first day of Landrush, March 20th.

Our hybrid live-online auction in Macau raised US$182,000, and another US$402,000 has been booked in the last three weeks.

We anticipate excellent sales performance of our premium domain names through coming months.
China’s media has continued its love affair with Dot Chinese Online & Dot Chinese Website. We’ve logged 2,550 media appearances since April 2013 — an average of 49 for every week of the year.
Dozens of Fortune 500 brands have registered domain names in Dot Chinese Online & Dot Chinese Website.

Thinking about participating in Landrush but no Chinese language ability? Check our new “help for non-Chinese domain name investors” website chineselandrush.com for plenty of plain-English help and inspiration!

General Availability of our domains will begin at:

UTC – Monday April 28 at 13:00

China – Monday April 28 at 21:00
New York – Monday April 28 at 09:00

 

 

It looks like the Apple Smartwatch will be called the iWatch

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It looks like Apple is going to name their smart watch the “iWatch”

In an article written by Chris Smith for BGR.com, it seems that a trademark registration filed by Brightflash USA LLC  has the same address that Apple has used in the past when trademarking iSlate. The same address was used to register the Car Play trademark by a company called, Carplay Enterprises.

From the article

Now that Apple has been seen further extending its company trademark to cover Class 14 devices including watches, a new piece of evidence seems to indicate that there’s apparently little doubt as to what Apple’s smartwatch will be called. French publication Consomac has discovered that Apple has quietly applied for “iWatch” trademarks in many markets around the world, including the U.S., by using a discrete dummy company called Brightflash.

While this is not official confirmation that Apple will indeed refer to its smartwatch line as the iWatch, it certainly fits with the previously revealed Class 14 Apple trademark filings. It is believed that the company is trying to maintain as much secrecy as possible around its products by using dummy companies to register trademarks for unannounced devices.

Read the full article and TM filing here.

The domain iwatch.com is owned by Anything.com and has been registered since 1998.