...but isn't the opportunity in mobile in its infancy? No winners in this space have been declared yet, echoing the words of a delusional MM exec.
MM has gone lower and lower since forever, somehow I'd love to see the current CEO turn things around in a major way, that's why I can't stop following MM. I've got to see where this story goes...
It's not just investors who "don't get MM", it's MM's target market, and that's why MM's client base is shrinking while its investor base is simultaneously evaporating.
It must stink to win in theory and lose in profits. Bottom line is no one cares. NO ONE. MM is starving for a buyer like an empty flea marketer with so called unique items. Mean while money is being invested in companies in this space that do actually make things happen...FB
As MM consistently makes history for newer and lower lows are you seeing naysayers or buying opportunity? You really should watch your account closer than comments on message boards.
You make me LOL. Here's Why. I've already lived your hopes and dreams. Bought FB at $17.00 Still hearing the sound of how it's over valued. Take care
Hmmmm, haven't told anyone to buy, sell, short, or trade, do as you please, interpret as you wish...There was a time when I was buying MM on price drops. Today MM's struggle and deep need for a sale is quite clear.
Exaclty...exactly... and exactly! The funny thing is I was hoping MM could surprise the market with the new CEO in place, but the challenges are huge for anyone facing competitors with much deeper pockets and much greater market share.
You forgot those who made a lot of money simply trading MM over the past 2 years, then acknowledge every quarter the picture grows dimmer with the shaky voices of MM crew members saying we're building for the long term mobile is in its infancy. MM sure looks like a hard sell. Doesn't seem like any major player cares what MM does...
Facebook working with developers to monetize their apps is direct competition to MM, and mobile ad spending with FB rather than MM hmmm that's competition too. So get caught up in this platform or that one if you like. Bottom line is more and more "mobile ad dollars" are landing in FB pockets less and less in MM's.
It seems quite simple to MM's CEO hopefully this makes it a bit simpler for you as well:
Millennial attributed the “very significant drop-off” in the performance business due to a small number of large app download advertisers spending “far less” with Millennial than they were a year ago. Meanwhile, growth in the business that focuses on “brand” advertisers, or marketers that seek to promote the awareness of their brand and persuade consumers to make a purchase over time, didn’t grow as much as the company had expected.
“Clearly a few big players entering the mobile space are taking significant chunks of the app download business,” Mr. Barrett said. “We need improvement here.”
Facebook, for example, has seen huge growth in its mobile advertising business, particularly from app advertisers.
Due YOUR own diligence on THIS planet. It's as simple as MM lost the mobile game and MM's track record has only sunk since inception. Facebook dominates this space. So cling to this sinking ship, "holding tightly now", and on your way down debate it's not as simple as others are sailing while you're going under.
Yeah, we've known the market for years, and for years FACEBOOK will remain the grand champion in the space. MM NEEDS to be acquired just like Jumptap NEEDED to be bought. MM's days are numbered. Buyout or slow death. It will NOT survive in any meaningful way for the long term because FACEBOOK is at the top of the food chain in mobile. As an App developer, or as a corporation, would you rather do business with Facebook or Millennial Media? Most would reply, "who is Millennial Media"?