Investors Overvalue Demand Media in Initial Public Offering - Nicholas Jackson - Technology - The Atlantic
After pricing its shares at $17 last night, Demand Media went public this morning with an initial public offering. After only a few hours on the market, Demand Media, Inc. (DMD) was trading at $25 a share -- it's since fallen to the $23 per share range, but that is still considerably higher than was anticipated. With 8.9 million shares available, trading in that range puts the company's market cap near $2 billion, more than that of the New York Times and in the same general ballpark as IAC and AOL, two big (and established) players in the digital space. That's as crazy as it sounds.
Which ISP Has the Best Netflix Streaming Performance? | News & Opinion | PCMag.com
Netflix's HD streams top out at 4,800 kbps, though no one can currently sustain that on a stream from start to finish, Florance said. Charter leads the pack in the U.S. with an average 2,667 kbps over the period above, while Canada's Rogers reached 3,020 kbps.
Nokia's earnings report for the December quarter contained more bad news -- profits down 21% from last year, market share down to 31% from 35% last year -- but new CEO Stephen Elop says the company is finally taking serious action. Speaking to investors on the earnings call (here's the Webcast) Elop said the company is going to announce a major smartphone strategy shift in a conference for investors on Feb. 11.
Hulu Reworks Its Script as Digital Change Hits TV - WSJ.com
But its owners—industry powerhouses NBC Universal, News Corp. and Walt Disney Co.—are increasingly at odds over Hulu's business model. Worried that free Web versions of their biggest TV shows are eating into their traditional business, the owners disagree among themselves, and with Hulu management, on how much of their content should be free.
Cantwell bill expands net neutrality to wireless | TG Daily
Senator Maria Cantwell (D-Wash.) has introduced a new bill related to net neutrality. It is called the Internet Freedom, Broadband Promotion, and Consumer Protection Act of 2011. According to Broadcasting & Cable the bill would create a new section under Title II of the Communications Act elevating the Federal Communication Commission’s six new network neutrality rules and making sure they are applied to wireless.
Domain Name Wire » News » Google Changes Algorithm to Address Sites with Unoriginal Content - The Domain Industry's News Source
An algorithm change designed to address these concerns launched earlier this week. It specifically addresses “sites that copy others’ content and sites with low levels of original content”.
Kim Kardashian competing with Obama for twitter followers | HollywoodNews.com
HollywoodNews.com: Kim Kardashian recently revealed to Piers Morgan that she is neck-in-neck with President Obama for twitter followers, which is crucial to her business plan.
"Off to Danao City" couldn’t be deleted, and Roy couldn’t be blocked — because he wasn't in the friends lists of the profiles on which he appeared. Some said they tried deactivating and reactivating their Facebook accounts to get rid of him — it worked for one commenter, but not for others.
LinkedIn Looks to Link up With Investors With IPO - ABC News
LinkedIn Corp., the company behind the largest website for professional networking, plans to raise at least $175 million in an initial public offering of stock that could open the IPO floodgates for other widely used online services that connect people with common interests.