According to several reports Demand Media is going public tomorrow (another report here). With a target price of between $14-$16 a share, I got a call today from a broker who said they were oversubscribed and they expected trading to being north of $17 a share. There will be many people at Domainfest next week with restricted shares in their pockets and Demand becoming public will add some … [Read more...]
Archives for January 2011
Yahoo Search Revenue Down 27% & They Cut 1% Of WorkForce
Yahoo reported earnings after the market closed today. Yahoo had net revenue of $1.21 billion, down 4% drop from the 4th quarter of 2009. 4th Q net income rose to $312 million, or 24 cents a share, from $153 million or 11 cents a share in the same period a year earlier. Yahoo said its search-advertising revenue fell 27% in the 4th quarter compared with the period in the prior … [Read more...]
Condo.com Acquires Houses.com
According to a press release today Condo.com bought houses.com in December 2010 for an undisclosed price. Here is the press release: "Condo.com, the world's largest condo marketplace, today announced the launch of Houses.com" "The new site is a “category” or “generic” domain that combines the power and brandability of the generic domain name with the large volume of web searches for terms … [Read more...]
Jeff Gabriel Named President Of DomainAdvisors.com
PPX International just announced that Jeffrey Gabriel is the new President of its domain consultancy service, DomainAdvisors.com Here is the Press Release: "Jeffrey will be responsible for overall business operations including building and maintaining strategic relationships, driving revenue and general management responsibilities. He joins the PPX team from a successful tenure at Sedo.com … [Read more...]
Google May Allow Users To Black List Domains
According to SearchEngineLand.com, "Google has discussed giving searchers the ability to remove domains from its search results." They attribute that from a discussion held by Hacker News user “bradly” asks who "asked Matt Cutts if Google would consider letting searchers remove domains from search results themselves. Cutts replies, “we’ve definitely discussed this,” and seems to hint that … [Read more...]
Zynga Owner of Cityville and Farmville is Now Trying to Enforce Ownership Of the “Ville”
Looks like the game developer Zynga who owns CityVille and FarmVille is going down the same path of Facebook which has attempted to claim that they have ownership of the word Face and/or Book. In November of 2010, Zynga sent a cease and desist letter to the developer of the game Blingville, claiming its use of the letter combination 'ville' entails trademark infringement. Last week, … [Read more...]
Quick Poll: Which Domain Priced at $100K Or More Will Sell At Domainfest?
On Feburary 3rd there will be a live domain name auction from the Domainfest show. (Pre-bidding is already opened on Snapnames) In the auction there are 33 domains with a reserve of $100,000 or more. The question we have for you is which one of these domains do you think will sell? You can place your votes in the poll on the right and your comments below Since there are 33 choices … [Read more...]