According to a post on the company blog, Snip.it has been acquired by Yahoo for what Cnet.com is reporting to be in the "ten's of millions of dollars" Here is the company blog post: "We are thrilled at the opportunity to bring Snip.it's vision to a larger scale at Yahoo!. While we can't share the specifics of what we'll be building, we are excited about the opportunity to take social news to … [Read more...]
Google Reports: Revenues Up 36%; Paid Clicks Up 24%; Cost Per Click Down 6%
After the stock market closed today Google reported its earnings for the quarter and fiscal year ending December 31, 2012 which we better than expected sending shares of Google up over 3% in after hours trading. Google Inc. reported consolidated revenues of $14.42 billion for the quarter ended December 31, 2012, an increase of 36% compared to the fourth quarter of 2011. Google’s … [Read more...]
SeekingAlpha: “Get Ready To Profit From The ‘Dot-Com Boom 2.0′”
SeekingAlpha.com a publication that goes out to stock investors. In a post entitled "Get Ready To Profit From The 'Dot-Com Boom 2.0" The article starts out with the subtitle: ""Dot-com is so 1990s" "Starting March 23, the Internet Corporation for Assigned Names and Numbers (ICANN) will increase the availability of Web addresses by assigning some 1,900 domain suffixes, the part of a website … [Read more...]
Shares Of Tucows Are Up Over 20% In Five Days
Shares of Tucows, Inc. (TCX) are on a tear. Shares are currently trading at $1.82 up from $1.55 of just Friday. So shares are up $.27 in the last three days of trading . Tucows.com concluded it dutch tender offer at $1.5o on January 10, 2012 just 5 days ago and so shares are up over 20% from the close of that tender offer. Tucows.com has been buying back its own shares for the past … [Read more...]
Marchex Declares Special Dividend For December 31st
Marchex (NASDAQ:MCHX) announced that upon the recommendation and approval of the independent Special Committee of the Board, the company's Board of Directors has declared a regular quarterly dividend in the amount of $0.035 per share on its common stock for the first, second, third and fourth quarters of 2013 (totaling $0.14 per share) and is accelerating its payment of these dividends into the … [Read more...]
Goldman Sachs Downgrades Demand Media Citing Google
Goldman Sachs just downgraded Demand Media Inc ((NYSE: DMD) from Neutral to Sell and cut its price target from $12 to $9. Goldman Sachs commented,: "Demand Media has proven vulnerable to changes made by Google in the past, the Panda algorithm change in 3Q11 being the most significant example as it drove owned and operated content revenue down 3% yoy in 1Q12. "In 3Q12 and more … [Read more...]
Tucows.com Opens Up 25%
Following last night's earnings release and the news that it was launching a tender offer to purchase 6.5 million shares between $1.35 and $1.50, as predicted shares rocked up. As of 9:45 this morning just 15 minutes into the trading day shares of Tucows are trading at $1.37 up almost 25%. Shares have traded as high as $1.41 Shares closed at $1.12 yesterday. The stock buy back program … [Read more...]