According to a story just out in the Wall Street Journal, Google has met with at least private equity firms about potentially helping them finance a deal to buy Yahoo. Of course this would deal would get a good look over by the Feds. However, as Scott Cleland the author of the book "Dark Side of Google" stated at the TRAFFIC conference this past week, the Feds ultimately allowed Google's … [Read more...]
Demand Media Hits All Time Low Today
Shares of Demand Media (DMD) went on a wild ride today hitting an all time low of $5.24 before recovering back to its closing price of $5.62 a loss of over 13%. Volume was almost 10X more today than the three month average of Demand trading over 4,000,000 shares. Just a couple of weeks ago eHow announced they will be cutting back on the production of content. Late this afternoon Demand … [Read more...]
Yahoo Reports Earnings & Beats The Street Estimates & Stocks Up Over 5%
Yahoo! Inc. (NASDAQ:YHOO ) reported results for the quarter ended September 30, 2011 after the market closed yesterday and for the first time in a long time actually beat the street numbers and reported better than expected results. Revenue excluding traffic acquisition costs (“revenue ex-TAC”) was $1,072 million for the third quarter of 2011, a 5% decrease from the third quarter of … [Read more...]
Bloomberg: Google Is Getting Audited By The IRS
According to a story in Bloomberg this week, Google (GOOG) is getting audited by the Internal Revenue Service (IRS) to see if they "avoided federal income taxes by shifting profit into offshore subsidiaries" "The IRS has requested information from Google about its offshore deals after three acquisitions, including its $1.65 billion purchase of YouTube" "The transfer overseas of these kinds … [Read more...]
Google Reports: Revenue Up 33%; AdSense Up 18%;Paid Clicks Up 28% CPC Up 5%; Stock Up $43 A Share
After the market closed today Google (GOOG), a stock we follow in our domain name stock index, reported earnings and they had a blowout quarter by any measure. Shares of Google are already up over 7% on the news or $43 a share at $590 in after hours trading. Google's revenue was up 33%, Adsense Revenues were up 18%, paid clicks were up 28%, Cost per Click was up 5% and Google ended the third … [Read more...]
Demand Media’s eHow Sends Letter To Writers & Editors Telling Then They Are Cutting Back Production Of Articles
According to BusinessInsider.com Demand Media (NYSE: DMD) has sent out a letter to it current writers and editiors telling them they are going to cut back on production of "content". "We will have fewer eHow.com assignments for the foreseeable future." Demand also stated that we need to make sure of a few things including "That every article is written and copy edited by a qualified … [Read more...]
Maybe Microsoft Will Wind Up Buying Yahoo After All
Microsoft (NASDAQ:MSFT) which tried to buy Yahoo (NASDAQ: YHOO) several years ago maybe coming back around for another shot. According to Reuters, Microsoft is weighing a potential bid for Yahoo. Of course Yahoo already has a search deal with Microsoft, and Microsoft has tried to buy Yahoo in 2008, offering to pay as much as $47.5 billion or $33 a share, before to be turned down by the … [Read more...]