Web.com (WWWW) is down big today after missing their revenue numbers for the second quarter. As of publication with about 40 minutes of trading left, Shares of Web.com are trading at $20 even down 6.55 after hitting an intraday, 52 week low of $19.37. Web.com acquired Snapnames back in May, and they own two of the top ten domain registrars Register.com and Network Solutions. The stock was … [Read more...]
As Rightside (futures) Starts Trading Its Market Cap Is 260M Of Demand’s $465M
Rightside, the spin off of Demand Media which begins formal trading on August 1, started to trade on Friday on a pre-issue basis on the symbol NAMEV. Although shares are lightly traded the price is $14.30 which is up from an opening of $14 a share. Interestingly the market cap of Rightside as its trading under … [Read more...]
Minds + Machines Issues 350K Shares To Employee at 9P Stock trading At 11.50P
According to a regulatory filing, Minds + Machines Group Limited (AIM:MMX), the publicly quoted owner and operator of Internet top-level domains, announces that it has issued 350,000 new Ordinary Shares following exercise by an employee of 350,000 share options at an exercise price of 9p per share. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares and application … [Read more...]
Yahoo’s Share of Search Is Under 10% For 1st Time Ever & All Time Low
SearchEngineLand.com, is reporting that Yahoo's share of search traffic has fallen below 10% for the first time and marks an all time low. ""Yahoo’s share has now fallen below 10 percent. "This is an “all-time low.” The combined Yahoo-Bing “search alliance” share remains flat at 29%: Bing growth has almost entirely been at Yahoo’s expense. Here are the figures for June: Google: … [Read more...]
Yahoo Reports: Paid Clicks Up 3%; Price Per Click Up 15% But Display Ads Are Down
Yahoo! Inc.(NASDAQ: YHOO) today reported results for the quarter ended June 30, 2014 after the market closed and missed on earning as revenues declined on display advertising. Earning were $270 million, or 26 cents per share, in the 2nd Quarter, down from $331 million, or 30 cents per share, in the same period a year earlier. Revenue fell 4% to $1.08 billion from $1.14 billion. After … [Read more...]
Largest Russian Search Engine Yandex Preparing To Launch .Yandex
According to a press release out today Russia's largest search engine, Yandex (NASDAQ: YNDX) announced it will be launching its new Brand gTLD .Yandex shortly on a closed basis except for trademark holders. “The ICANN has really approved the creation of a .Yandex domain zone, we are preparing to launch it. We are not ready to mention the exact date of the zone’s launch for the users,” the … [Read more...]
SeekingAlpha Issues Brutal Opinion On Demand Media/Rightside: “Titanic Will Hit The Iceberg”
SeekingAlpha.com published what can only be described as a brutal assessment on shares of Demand Media, Inc last yesterday after Demand said it would spin off its Rightside division into a separate public company on August 1st as well as on Rightside. The post entitled; Demand Media: Titanic Will Hit The Iceberg Here is are the conclusions from the article: "eHow.com and Livestrong.com … [Read more...]