So, what happens when no one can see past an IPO? Demand Media (and its financiers) is finding out the hard way.
the company’s stock hit its all-time low yesterday, after a strong IPO in January. since the summer, it’s been all downhill, with Demand shares off 50.4 percent since early May.
Since it went public, the stock is off 63.1 percent.
via Wall Street’s Demand for Demand Media Falls Off – Kara Swisher – Media – AllThingsD.
QuantumTom 