Ask/IAC Q4: Bleeding Money, But Hey, Online Ads are Doing Good!
February 9, 2010
Ask’s parent company IAC posted $1B in losses largely because it wrote down the value of its search business. But, says the AP, this is actually good news for the online ad market (and not because a competitor is about to get out of the market)—because IAC didn’t do as badly as expected.
No, because it beat estimates by 2
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