Yodle, a provider of online advertising and marketing service for small businesses, filed with the SEC Tuesday for an initial public offering that seeks to raise $75 million. About 135 companies have plans on file with the SEC for an initial public offering. New York-based Yodle said it has more than 44,000 customers. It listed Google (GOOG), Yelp (YELP) and Yahoo (YHOO) among its competitors. The company said its Q1 revenue rose 30% from the
Yahoo’s (YHOO) stake in Alibaba is an undervalued asset, says a Piper Jaffray analyst who in a Monday research note upgraded Yahoo stock to overweight, or buy. Yahoo’s core business is still “challenged,” but its stake in Alibaba is “undervalued at its current price,” wrote Piper Jaffray analyst Gene Munster, who had rated the stock neutral. “We expect that as we get nearer the Alibaba IPO, a more realistic valuation should be reflected in YHOO,”
Research saying teens are fleeing Facebook (FB) has been overhyped because the “drops are small, and the huge majority of this audience still uses the site,” says a new report from Forrester Research. Forrester researchers Nate Elliot and Gina Fleming surveyed 4,517 youths about their use of Facebook, Instagram, Snapshat and Yahoo’s (YHOO) Tumblr, among other social services. “The results were clear: Facebook remains young users’ favorite social