Key Developments: MeetMe Inc (MEET.A)
1.70USD
24 May 2013
$0.07 (+4.29%)
$1.63
$1.63
$1.70
$1.60
36,211
18,997
$4.31
$1.56
Latest Key Developments (Source: Significant Developments)
New Native Advertising Units Launch On Meetme Inc's Mobile
MeetMe Inc announced new advertising partnerships and formats for the Live Feed feature of its mobile applications. The new partnerships, with Tapjoy, Inc and Hooked Media Group enable MeetMe to introduce a number of new ad types into its native feed. MeetMe subscribers can now earn virtual currency by engaging with advertising delivered by Tapjoy, whose advertising platform drives a number of advertiser-desired calls-to-action, including watching a video, subscribing to a service, and more. Many of these advertisements will appear within MeetMe`s newsfeed, offering a native advertising experience for users and advertisers alike. Through Hooked Media, MeetMe will promote new mobile games targeted based on users` preferences and interests. Full Article
MeetMe Inc Announces Management Change-Form 8-K
MeetMe Inc reported in its Form 8-K that the Company’s Board of Directors has appointed Geoffrey Cook as Chief Executive Officer (CEO) of the Company, such appointment to be effective as of March 11, 2013. He will succeed John Abbott, who will become the Company’s non-Executive Chairman of the Board. Full Article
MeetMe Inc Names David Clark As Chief Financial Officer
MeetMe Inc announced that David Clark will be joining the Company as Chief Financial Officer. Clark will succeed Michael Matte as Chief Financial Officer. Matte will remain with the Company as Executive Vice President of Finance until March 31, 2013, when his resignation will become effective. Full Article
CORRECTION - Quepasa Corporation Issues Q1 2012 Guidance
CORRECTED TO READ...IN THE HEADLINE..."Issues Q1 2012 Guidance"...INSTEAD OF..."Issues Q2 2012 Guidance"...IN THE BODY..."for the first quarter of 2012"...INSTEAD OF..."for the second quarter of 2012"... Quepasa Corporation announced that for the first quarter of 2012, it expects revenues of $10.8 million and positive adjusted EBITDA, a non-GAAP financial measure, of $673,000 compared to a loss to common shareholders of approximately $1.9 million. This reflects a 382% growth in revenue over the same period one year ago. Full Article
Quepasa Corporation And myYearbook Announces Completion Of Merger
Quepasa Corporation and myYearbook.com announced the closing of their merger. Full Article
Quepasa Corporation Extends Reach Of Wonderful City Through Global Publishing Agreement With Viximo
Quepasa Corporation announced that it has signed a global publishing agreement with long time partner, Viximo. The agreement enables Viximo to manage the localization, publishing and marketing of Quepasa Games' hit title, Wonderful City Rio across the Viximo network of social networking properties that encompass, over 15 additional social networking platforms and reaches over 150 million monthly unique visitors. Quepasa's new agreement with Viximo will enable Quepasa to drive new audiences to Wonderful City, taking the game well beyond the core geographies and platforms it currently supports. Full Article
Quepasa Corporation And myYearbook Reaffirm Commitment To Completing Merger With Amendment To Merger Agreement
Quepasa Corporation announced that its merger agreement with Insider Guides, Inc., DBA myYearbook, the best place to meet new people on the web or mobile device, was amended to remove the closing condition requiring the price per share of Quepasa stock to be $5.00 or more, and to fix the number of shares issuable to myYearbook shareholders in the merger at 17 million, regardless of changes in the trading price of Quepasa stock. Quepasa and myYearbook believe these changes reaffirm their commitment to completing the merger and definitively address questions they have received related to the effect Quepasa's trading prices may have on closing. The cash portion of the consideration payable to myYearbook shareholders in the merger remains at $18 million. In addition, the length of the lockup period for shares issued to myYearbook shareholders has been increased from two months to five months. None of the other key financial terms of the original merger agreement have changed. Full Article
Quepasa Corporation And Terra Announces Video Distribution And Revenue Sharing Partnership
Quepasa Corporation announced an agreement with Terra, a global digital company with a presence in Latin America and the US Hispanic market. The revenue and content sharing agreement will expand programming and reach to the Hispanic consumer through social media. It will also provide advertisers with new integrated opportunities to connect with this growing and desirable target group. The deal includes the incorporation of Terra TV into Quepasa's video platform to offer consumers exclusive News, Sports and Entertainment content. It will also allow Terra to monetize Quepasa's social media platforms as well as Quepasa's proprietary social media Quepasa Contests technology. Full Article
Quepasa Corporation And Insider Guides, Inc. Announce Merger Agreement
Quepasa Corporation announced that it has executed a definitive agreement to merge with Insider Guides, Inc., DBA myYearbook, for $100 million, comprised of approximately $82 million in Quepasa common stock and approximately $18 million in cash. Full Article
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