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MeetMe, Inc. Message Board

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  • flankenking flankenking Jan 30, 2012 4:12 PM Flag

    It makes sense, to sell all the overvalued QSPA-shares and invest in lower valuations

    There's no sugarcoating Quepasa's (AMEX: QPSA ) disastrous third quarter.

    Revenue at the Spanish-language social networking site plunged 46% to a mere $1.5 million. The drop occurred primarily due to a 32% plunge in monthly active users of its namesake website, as well as delays in executing marketing deals like the sweetheart deals it had in place last year with sponsors affiliated with a Quepasa board member. The quarterly deficit widened to $3.5 million.

 

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