User-generated reviews giant Yelp has joined the stock market goldrush by filing an initial public offering (IPO) of up to $100m in shares.
Since rejecting a reported $500m acquisition offer from Google in 2010, the company has apparently been preparing for this move, which could value the company at over $2b.
On Monday, the company that made the 'daily deal' famous went public. Groupon's debut as a publicly-traded company was successful, despite the widespread criticism the company had received in the months leading up to its IPO.
Going public, of course, doesn't mean that Groupon has answered the serious questions about its business model and future prospects. And if moves by another player that entered the daily deals space is any indication, the company that turned daily deals into a billion-dollar market may have its work cut out for it.
Are we in a tech bubble?
There debate is only growing, and while it may not really matter to most of us, there are ten particularly worrying signs for those who have expoure to companies that are running on VC fuel and may need to go public in the near future.
The IPO market is alive! From Yandex to LinkedIn, some of the most
prominent consumer internet companies in recent memory have gone public
recently, and more are on the way.
One of the most intriguing filed to go public late last week. Zynga, the
social gaming juggernaut which is responsible for modern-day hits like
Farmville, plans to raise $1bn.
Facebook is reportedly planning an IPO that could ask the market to value the company at a whopping $100bn. But are the social network's better days behind it?
That's what some are suggesting following a report by Inside Facebook, which says the company's traffic has dropped in two of its largest and most important countries, the United States and Canada.
For those who lived through the .com boom and bust of the late 1990s,
the last decade has been interesting. The internet is now bigger, and
stronger. Today's success stories, including Facebook, Groupon and
Zynga, have taken center stage, and look set to cash in.
Yesterday, LinkedIn, the popular social network for professionals went public. And boy did investors party like it was 1999.
Skype may be one of the most important companies on the internet. Not
only has it created a way for hundreds of millions of people around the
world to communicate cheaply, it's found a way to make a mint doing so.
The company generated $400m in the first half of 2009, most of which
came from its SkypeOut offering. But ahead of an IPO that it hopes will
raise $1bn, the company is creating some ad inventory in its desktop
As consumers, techies and the media trade some of their infatuation with
Google for the latest crop of super-hot web upstarts like Facebook, the
world's most dominant search engine is finding that more and more
people are pointing out its flaws.
The quality of Google's SERPs have increasingly come under question,
with some complaining that Google isn't doing enough to weed out web
spam and low-quality content that ranks well but doesn't offer consumers
much value. I am one of those who have been highly critical of Google's
capabilities in these areas.
Last month, beleaguered video rental chain Blockbuster filed for bankruptcy. While the company's demise can be blamed on a number of factors, it's hard to ignore one: the rise of Netflix.
Netflix, which is now an $8bn corporation trading at just over $153 per share, looks poised to capture a big part of the nascent streaming business.
There can be little doubt that there's a market for content produced by so-called content farms. And that this is having an impact on the market for online content in general.
But are content farms sprouting profits that match the popularity of their business model? Perhaps not.