. Round 3! Fight! Here we go again, as the American short-sellers Citron Research unleashes its third attack on the Chinese anti-virus vendor Qihoo 360 (NYSE:QIHU). It’s part of an ongoing exposé by Citron into what it sees as a company that “has either not been forthright about its revenue model or there is a financial fraud unfolding.” After criticisms of its previous two posts - including by PO - that Citron doesn’t understand China, Citron has this time focused solely on the math. It claims that Qihoo’s likely homepage advertising ...
Tag Archives: revenue
RSS feed for this section
![Putting the Boxing Gloves Back On, Citron Seeks Qihoo’s True Advertising Revenue [UPDATED]](http://www.penn-olson.com/wp-content/themes/penn2/thumb.php?src=wp-content/uploads/2011/12/citron-qihoo-round-3-01.jpg&w=250&h=250&zc=1&q=90)
Dec 6 2011
0
1355
Putting the Boxing Gloves Back On, Citron Seeks Qihoo’s True Advertising Revenue [UPDATED]
Dec 6 2011
1
2250
Round 2, Fight! Citron Attacks Qihoo 360 Again, Branding It a “Fraud”
Citron Research, the short-sellers and analysts, has attacked the Chinese anti-virus vendor Qihoo 360 (NYSE:QIHU) as a “fraud” whose bulk of business is an “illusion” of ad-filled websites which might not be generating as much revenue as the company claims. Citron compares Qihoo to China MediaExpress (NASDAQ:CCME - now suspended), the advertising agency which was delisted in May of this year after exposés by both Muddy Waters and Citron itself. It’s a follow-up on a previous post about Qihoo at the beginning of this month in which Citron slammed the company ...
Jan 12 2011
1
298
Magazine Ad Revenue Finally Increasing After 3 Years
With the rise of social media and the ease of availability to find the dirt on your favourite areas of interest that naturally follows suit, it is only human for us to assume that the sales of physical magazines will dwindle in the year of 2010. However, a recent report by Reuters published that they enjoyed an increase in advertising revenue for the first time in three years; mostly due to the automobile industry. According to data from rate cards compiled by the Publishers Information Bureau, advertising revenue grew by 3 ...
Jan 22 2010
8
571
MONEY: Google’s 2009 Net Profit Rose By 50%
The number of acquisitions Google announced in the past months provides a good clue to this. Surely, without a boost in profits, Google wouldn’t boldly declare a shopping spree. I remember how shocked I was upon hearing Google’s 2008 profits; $21.7 billion in revenue and $4.3 billion in net profit. According to the latest financial report, 2009 was (again) nothing but a spectacular year. Revenue and profits were at all time high of $23.7 billion and $6.5 billion respectively. That was a good 50% jump from its 2008 net profits. From CEO Eric ...
![Japan’s Social Giants: Trends in User Numbers [CHART]](http://www.penn-olson.com/wp-content/uploads/2012/02/IMG_5437-80x80.jpg)
Japan’s Social Giants: Trends in User Numbers [CHART]
Feb 8, 2012
Cazbak Partners With Giant E-commerce Sites, Gives Savings to Consumers in India
Feb 8, 2012
Perx’s ‘Chop Mob’ Helps Coffee Bean Increase 50% in Transaction
Feb 8, 2012
CyberAgent Ventures Invests in Vietnamese Music Service
Feb 7, 2012
Venture Generation: The Latest Startup Incubator in Tokyo
Feb 8, 2012