News

How Google Decimated A $US2 Billion Search Business

Demand Media, the Santa Monica firm whose network includes eHowand eNom, was valued at over $US2 billion when it went public in 2011. Now it is only worth about a quarter of that, and its founder and original chief innovation officer are no longer with the company. As Variety reports, […]
How Google Decimated A $US2 Billion Search Business
Tech

Demand Media Cofounder And CEO Richard Rosenblatt Is Out

Demand Media said its cofounder and CEO Richard Rosenblattis leaving the company. He resigned his role as chairman effective immediately and his last day as CEO is October. 31. Another cofounder, Shawn Colo, is stepping up to be interim CEO. The company did not say why they were making the […]
Demand Media Cofounder And CEO Richard Rosenblatt Is Out
Tech

Eric Schmidt, Sean Parker, Marc Andreessen Invest In Boutique Bank Raine

[credit provider=”Wikipedia” url=”http://en.wikipedia.org/wiki/File:Eric_E_Schmidt,_2005_%28looking_left%29.jpg”] Raine, new boutique bank with some very high profile backers from the tech and media world, is starting to look for deals, the FT reports.Check out the names attached to Raine:
Eric Schmidt, Sean Parker, Marc Andreessen Invest In Boutique Bank Raine
Tech

Demand Media CEO: Here’s Why We Use Accounting That Some Analysts Hate

[credit provider=”AP”] After a public offering set it around $1.4 billion in January, Demand Media already has a $2 billion market cap going into the middle of March.The IPO – the biggest Internet offering since Google’s – and the subsequent stock performance having been amazing to watch because on its […]
Demand Media CEO: Here’s Why We Use Accounting That Some Analysts Hate
Tech

KAPOW: Google Blows A Hole In Demand Media A Week Before Its IPO

[credit provider=”Associated Press”] Google just dealt Demand Media’s IPO prospects a nasty blow.In a post to the Official Google Blog, the company said that users are complaining about “content farms,” and that “we hear the feedback from the web loud and clear.”
KAPOW: Google Blows A Hole In Demand Media A Week Before Its IPO