Google's Billion-Dollar Algorithm Change: Winners and Losers
Demand Media isn't doing so badly, considering Google tweaked its all-powerful search engine to bury the fruit of the content farm. The company's Q3 earnings report beat Wall Street expectations, reports AllThingsD's Kara Swisher. "Revenue was up 25 percent to $85.1 million, compared to $65.4 million in the same period a year ago," writes Swisher. Immediately following the Google crackdown, which tried to weed out the content farm from search results, and Demand Media acknowledged a traffic drop. With that news, the company's stock has been on the decline for the last six months. But perhaps Demand Media has already hit rock bottom and is on its way back up. "After losing almost nine percent today, in profit-taking ahead of earnings after a recent price surge, Demand shares rose over 17 percent in after-hours trading to $8.30," continues Swisher.
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