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  • flankenking flankenking Jan 30, 2012 4:14 PM Flag

    If you will read the truth, change to unrated and 1 star

    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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    • Estimated 2011 Revs = $38M


      Sorry Mr. Broker (who apparently thinks yahoo finance is the most effective tool he has... so sad), try telling the whole story!

      Also note how myyearbook is firing on all cylinders. New highs on traffic AGAIN this week. Moving up, up, up!

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