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Buddy Media Raises $54mm for Facebook Marketing
Buddy Media, provider of high-end Facebook pages to large brands, has raised another huge round to fund further expansion. Facebook seems eager to have companies raise money in order to expand on their platform. This, despite Facebook being ranked the worst API in a survey of developers.
Opt-In Privacy on…
Developers make more than they used to. Accounting for salaries, options, perks, and morale-boosting strategic decisions, developers are the most expensive part of most Internet companies. The cost of developers hasn’t just increased—the cost has become more of a variable cost than a fixed cost, and the increase is predominately in pay for the best,…
Quinstreet’s Earnings Beat
A few days after Demand Media beat their earnings estimates and saw their stock price promptly collapse, Quinstreet barely beat estimates and saw their stock rise as much as 22%. The lesson, of course, is to report earnings on a day when the market’s doing great.
Carbonite’s Daring IPO
Carbonite actually priced their IPO,…
The social media craze in China has claimed another casualty: Baidu Shuoba. The Twitter-like service, which had suspended new user sign-ups in May, announced they would completely shut down at the end of this month. Baidu was late to the game and didn’t bring anything new to the table.
Shuoba launched a year ago coinciding…
Demand Media’s Bizarre Price Fluctuations
After-hours on Tuesday, Demand Media’s stock spiked up 17% before settling slightly down for the day. On Wednesday morning the shares hit $10.75, but closed at $8.45, again down slightly for the day. This, after a very positive quarter. One reason is the combination of their lock-up expiring and the…
The Worst Business Story in the World
Yesterday, we argued that the worst business stories were of the “X nearly reaches Y” genre. We could have cited the example of the “Index reaches round number” stories, but we chose the ever popular “Apple’s earnings/market cap/etc. approach Microsoft’s.”
What Monday was to the S&P, yesterday…
In the next year or two, we’ll likely see the following companies go public with an initial market value over $10bn:
Facebook Groupon LivingSocial DropBox Zynga
Many of these are companies that, in a world without Sarbanes-Oxley, could already be public. That would probably be good for investors; if average people could have gotten Facebook…
Baidu has taken a lot of flak over its failure to adequately protect intellectual property. China’s most visited website has in the past year been sued by a domestic writers guild, Japanese manga publisher, international music labels, and put on a list of “notorious market” for counterfeit and pirated goods by the US Trade Representative….
What the Crash Means
Investors should prepare for an economic and financial climate as bleak and unforgiving as last September, when the S&P was about where it is now.
Outsourced Pessimism
The irrepressible Jason Calacanis has a fairly new blog covering tech stories. Calacanis has long been notorious in the SEO field for
Social Media Plays
LinkedIn’s IPO is strong evidence that investors are looking for ways to invest in social media as a trend. But LinkedIn itself is a bad bet on social media:
LinkedIn already has a revenue stream. And it’s not based on anything especially “social”—LinkedIn sells leads and pageviews, both of which are businesses that…
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