So thats either a lowflying plane or a highflying moose.:eek2:
Maybe the plane is running on maple syrup or the moose is high on maple syrup. Either way its a sticky end
Printable View
Funny how the rampers have gone all quiet on the slippery snakk(e) now that everyone is aware a few huge sellers are out there ready to pounce on any buyer brave (or dumb) to put up their hands for stock.
125 pages devoted to a stock where only a few make money at the expense of the punters.
History repeats itself, again and again and again.
Twitter has made its largest acquisition to date with the purchase of MoPub, a mobile advertising company. The deal will help Twitter to automate ad buying on its platform and broaden its partnership with traditional media companies, as it prepares to go public in the coming months.
MoPub allows agencies to buy ads across a large network of websites and helps advertisers target users more specifically and in real time by, for example, auctioning adverts during live events. The purchase of another advertising technology company that operates in the so-called programmatic buying sector follows AOL’s $405m Adapt.tv deal last month.
Its customers include blogging platform WordPress, games publisher ngmoco and TuneIn, a radio app.
“Mobile is obviously key to Twitter as a whole and to our advertising platform,” said Kevin Weil, Twitter’s vice-president for revenue products. By allowing advertisers to buy ads in real time, at the instant they are delivered to the app user, improves targeting and relevance for both brands and users, he said.
The deal is worth 16m shares in Twitter, according to one person familiar with the deal. That could value MoPub from anywhere between less than $300m to more than $400m, based on Twitter’s share price in the highly illiquid secondary market. It would make it Dick Costolo’s biggest deal as Twitter’s chief executive, ahead of a much anticipated public offering, perhaps as soon as early 2014.
Jim Payne, chief executive of MoPub, said the companies were a “natural match” because they were both focused on mobile and he hoped to grow the business using Twitter’s investment.
MoPub will continue to serve other sites, as well as Twitter, paving the way for an expansion of the messaging site’s business beyond its own site for the first time. The mobile advertising exchange had a revenue run rate of $100m in May, 11 times the level the same time the year before. It serves 2bn adverts a day.
Mr Payne and Nafis Jamal, two of the three founders of MoPub, were executives at AdMob, another mobile advertising company bought by Google for $750m four years ago. AdMob is now MoPub’s biggest competitor in the market for mobile advertising.
Research group EMarketer estimates that Twitter will make more than $300m from mobile advertising this year
So who dumped those 250,000 forcing the SP down to .085 ?
oh my, and the next buy is at 7 cents :s
Or some one dumping their holding regardless of price to shift the lot.