Demand Media went public on January 26th, 2011. Shares that insiders receive typically have a 6 month lock up meaning none can be traded until the 6 month period is up. Meaning that today would be the 1st day that the insider shares can be sold. Well the stock market is having a horrible day down as of time of publication around 175 points on the Dow and a whopping 68 points on the NASDAQ … [Read more...]
IAC reports Earnings: Income up 65%
IAC reported earnings this morning. IAC is one of the stocks we track in the Domain Stock Index since it owns some major Internet properties including Match.com, Dictionary.com Chemistry.com and Ask.com to name a few. IAC said that: Q2 revenue reflects strong performance with double-digit growth across all segments. Operating Income Before Amortization saw very strong double-digit growth, … [Read more...]
FastCompany: “Does Paying Top Dollar For Domains Still Make Sense In The Age Of Apps?”
An interesting article just popped up in FastCompany.com entitled "Does Paying Top Dollar For Domains Still Make Sense In The Age Of Apps?" "Given the increasing popularity of apps, there's a question of whether owning the right domain name is as important as it was when the world was driven by dot-coms and browsers rather than iPhones and Android devices. In other words, if you launch an app … [Read more...]
Yahoo Reports Earnings & Misses Again
After the market closed today Yahoo! Inc. (NASDAQ:YHOO - News) reported results for the quarter ended June 30, 2011 and the news wasn't particular good. The company reported GAAP revenue (excluding traffic acquisition costs) was $1.08 billion for the second quarter of 2011, a 5% decrease from the second quarter of 2010. However earnings per diluted share increased 18%to $0.18 in the second … [Read more...]
Google Reports Earnings: Profits Up 36%, Revenue up 32; Clicks Up 18%; Cost Per Click up 12%
Googlereported earnings after the market closed today for the quarter ending June 30, 2011. Second quarter net income rose to $2.51 billion, or $7.68 a share, from $1.84 billion, or $5.71 a share an increase of 36%. Net revenue for the period ended June 30 was up 32% $6.92 billion. Excluding one-time items, Google said that earnings for the quarter were $8.74 a share. Google said that its … [Read more...]
How Can Google.com & MarkMonitor.com Let Googleplus.com Sit Not Resolving?
Google Plus is the huge new product from Google launched just a couple of weeks ago to compete with Facebook.com and as TechCrunch pointed out has already added billions in market cap to Google. So I was pretty surprised to see that the domain name GooglePlus.com, which is in fact owned by Google, Inc. and under management at MarkMonitor.com the brand protection company, is simply not … [Read more...]
Tucows & Demand Shares Benefit From Godaddy.com Reported Buyout
Shares of both Demand Media (NYSE: DMD) and Tucows (TCX) had nice gains in the stock market on Friday following on the heals of the pending sale of Godaddy.com for up to $2.5 Billion which is expected to be announced officially on Tuesday. As we reported in our story about the possible sale of Godaddy.com earlier today, Demand which had previously been seen as some as overvalued at a market cap … [Read more...]