Posts Tagged ‘demand media’

Demand Media Loses A Billion Dollars In Valuation

Written on July 15th, 2011 by directnavigation7 shouts

Five months ago, Demand Media went public at $17 per share. Within a short time, the stock hit a high above $28 per share. It seemed like they hit the market at the perfect time. Internet stocks had once again become the favorites of Wall Street.

Flash forward to today, almost 6 months after that opening bell, Demand’s stock has tanked. It hit a low yesterday of 11 3/4. That means in a matter of a few months, the value of stock has gone down over ONE BILLION DOLLARS. Insiders, who have to wait 6 months after the IPO to sell their shares must be biting their nails as the value of their nest eggs continue to erode. My guess was that the stock would be around $10 at the six month mark. I guess in a few days we will all see what happens when additional shares are unloaded on the open market.

Is Demand Media Selling Amazing Domains To Help Stock Price?

Written on April 29th, 2011 by directnavigation12 shouts

Demand Media lists Map.com and Run.com for sale on Sedo
I wrote the other day about Demand Media large drop in stock price from its high. I imagine that there are a number of insiders biting their nails waiting for the opportunity to cash out. Each day the the stock trades lower there will be less money for their future bank accounts. (note- the stock has gone up some since my first comment but still trades below the IPO price.) Today I saw that Demand Media has listed 2 amazing domains for sale at from what I am told, reasonable reserves. If these names do sell cheap, it makes one wonder if they are throwing out great assets in order to increase the bottom line.