Wall Street Welcomes the Content Farm
Demand Media has given skeptics plenty to chew on over the last six months: Accounting issues to hash out with the Feds; weird noises from Google, which it depends on; and debates about what “profitable” means.
A company that repackages bottom-of-the-barrel content and has trouble with the fed? Of course Wall Street loves it.
Sad news of the day: after today’s IPO, Demand Media is worth about as much as the New York Times.
