Marchex latest domain company to announce layoffs. Domain name and local advertising company Marchex (NASDAQ: MCHX) has laid off 10% of its workforce, reports The Pugent Sound Business Journal. About 35 people are losing their jobs, although some of ... Continue Reading3 Comments
Tucows Reports Slight Loss in Q3
· Domain RegistrarsDomain registrar fights currency fluctuations; down economy. Tucows (AMEX: TCX) reported a third quarter loss of $71,000 today. Despite a difficult environment, our third quarter revenue growth was driven by the strong performance of our OpenSRS ... Continue Reading2 Comments
Tucows Sells Afilias Stake for $7.4 Million
· Domain RegistrarsRegistrar continues to divest of non-core assets. Domain registrar Tucows has sold its stake in domain name registry Afilias for $7.4 million. Tucows owned 7.38% of Afilias, which pegs a valuation on the registry of about $100 million. However, the ... Continue Reading6 Comments
Domain Stocks Pummeled
· UncategorizedDomain name related companies get pummeled on Wall Street. Google's 52 week stock performance(from Yahoo.com)The stock market is in a free fall, and domain stocks are no exception. Shares of Marchex (NASDAQ: MCHX) dropped 12.5% yesterday to close ... Continue Reading8 Comments
Tucows: Domain Parking May Have Hit Bottom
· Domain RegistrarsTucows' says domain parking revenue is down, but it may be on the rebound. Tucows, a wholesale domain registrar and owner of 150,000 domains, saw its revenue from domain parking drop 12% in just one quarter, but CEO Elliot Noss says it may have hit ... Continue Reading5 Comments
