Millennial Founder Steps Down, stock prices falling

pixelpower · February 2014

Basically the founder of Millennial Media has stepping down. The stock started at $13 gained until $25 a share but has tanked down to $7 now.

News articles here

http://articles.baltimoresun.com/2014-01-27/business/bs-bz-millennial-media-palmieri-20140127_1_ceo-paul-palmieri-millennial-media-jumptap

http://online.wsj.com/news/articles/SB10001424052702303553204579346620773519790

pixelpower · February 2014

Workers going to websites to expose Millennial Media 15 of them.

http://www.glassdoor.com/Reviews/Millennial-Media-Reviews-E365154.htm

vyperapps · February 2014

Lol just after andromo adds them as an option the CEO steps down and stock prices plummet. WAY TO GO ANDROMO you caused the downfall of another company!

But really this doesn't bode well for the advertiser prospects for these guys.

andromoappmaker · February 2014

I wouldn't say that the stock has plummeted it seems to have been around the same price (give or take a buck) since August: http://finance.yahoo.com/echarts?s=MM+Interactive#symbol=mm;range=2y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;

The first article also states:

The news of Palmieri's resignation came as the company also announced that it expects to outperform its previous financial projections for the fourth quarter of 2013. Millennial is scheduled to detail its fourth-quarter earnings Feb. 19.

So I guess we'll have to wait and see. Interesting stuff at glassdoor.com though, I hadn't seen that.

@vyperapps It's what we do best...

Insplisity · February 2014

@pixelpower: This glassdoor.com site is interesting. A good find.

@mark: =D

Millennial Founder Steps Down, stock prices falling

Comments