Here is a quick look at some of the recently announced results for a few Internet stocks which have done well in the current depressed times.
SnapMyLife, a mobile social media site, was founded in April 2008 by George Grey and David Chang. The company was initially a side ‘project’ on their first venture, mobile content directory Mobicious.com, when they noticed that many users were submitting their own user-generated content to the site. The ‘project’ took off immediately and soon became the pair’s
Shutterfly (SFLY), the online photo company, recently declared first quarter results. Their revenue for the quarter of $34.3 million missed the market’s views of $34.8 million, even though it was 29% higher over previous year Q1 revenues. Their GAAP net loss at $0.15 per share met market expectations and was higher than GAAP net loss
Slide, founded in 2005, is Max Levchin’s second baby. Levchin, founder of PayPal, sold the online payment site to eBay for $1.5 billion, and he intends to do even better with his current venture, Slide. Slide, however, doesn’t look like a great second act to me!
SM: Before we move on with your Shutterfly story, can you shift gears for a second and tell us the history of Shutterfly? JH: Shutterfly was founded in 1999 by two employees of Silicon Graphics – Eva Manolis and Dan Baum. Eva was a product person and Dan was a technology person. They teamed up