Just coming across the Sedo sales wire is the domain name GameGlobe.com which is owned by Marchex.com (MCHX) which just sold for $50,000 The domain sale is still in escrow at Sedo so we will have to wait to see who the buyer is. Doing a search on Google I don't have a good guess as to whom the buyer might be or why they were willing to pay $50K for the domain, other than its game … [Read more...]
Yahoo Reports: Revenue Up 1%; Search Revenue Up 8%; Earnings Per Share Up 38%
After the market closed today, Yahoo! Inc. (NASDAQ: YHOO) reported results for the quarter ended March 31, 2012. Revenue excluding traffic acquisition costs was $1 Billion for the first quarter of 2012, a 1% increase from the first quarter of 2011. Income from operations decreased 11 % to $169 million in the first quarter of 2012, compared to $190 million in the first quarter of 2011. Net … [Read more...]
Google Reports: Revenues Up 24% Clicks Up 39%; Average Cost Per Click Down 12% Ends Q With $50 Billion In The Bank
Google (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2012 after the market closed today Google reported revenues of $10.65 billion for the quarter and Google ended the Quarter with $50 Billion in the Bank. Q1 Financial Summary Google reported revenues of $10.65 billion for the quarter ended March 31, 2012, an increase of 24% compared to the first quarter … [Read more...]
Yahoo Set To Layoff “Thousands Of People” & Restructure
According to AllthingsD.com, "Yahoo’s CEO Scott Thompson is preparing a massive restructuring of the company, including layoffs that are likely to number in the thousands." The report goes on to say the changes and layoff will be announced by the end of March. "Also among those being considered for targeting: Public relations and marketing, research, marginal businesses and weaker regional … [Read more...]
Grandparents.com Last Sold In 2010, Becomes A Public Company & Raises $3 Million
Grandparents.com, Inc., has become a public company. The domain was acquired by the owners in 2010. According to a Press Release today, "the company formerly known as NorWesTech, Inc. (OTCBB: NWTH), a Delaware corporation (the "Company"), announced today that it completed a reverse acquisition transaction with Grandparents.com, LLC ("GP") in which GP contributed substantially all of its … [Read more...]
Google Blogs About Out 40 Changes It Made In February
Google just published on its blog, 40 changes to search quality "This month we have many improvements to celebrate. With 40 changes reported, that marks a new record for our monthly series on search quality. Most of the updates rolled out earlier this month, and a handful are actually rolling out today and tomorrow. We continue to improve many of our systems, including related searches, … [Read more...]
Demand Media Plans On Investing $5 Million In New gTLD’s
As part of Demand Media's earning report, it appears Demand Media has plans for applying for a number of new gTLD's. In the section of the earnings report "looking forward" to 2012 to serve as guidance to investors of the company's Demand states: ""Excluding up to $5 million of 2012 operating expenses, which the Company expects to incur related to its generic Top Level Domain (“gTLD”) … [Read more...]