How to Get Away With Murder
SANTA MONICA, Calif.–(BUSINESS WIRE)–Demand Media, Inc. (“Demand Media”) (NYSE: DMD) announced today the closing of its initial public offering of 10,235,000 shares of common stock at a price of $17.00 per share. Demand Media’s common stock is listed on the New York Stock Exchange under the symbol “DMD.”
Demand Media sold 5,175,000 shares of common stock, and the selling stockholders sold 5,060,000 shares of common stock in the offering. Demand Media received net proceeds of approximately $77.2 million from the sale of its shares, after deducting the underwriting discount and estimated offering expenses. Demand Media intends to use the net proceeds for investments in content, international expansion, working capital, product development, sales and marketing activities, general and administrative matters and capital expenditures. Demand Media will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders.
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If you don’t like it here, you can take your various & multiple identities and leave. Thanks for coming out.
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Stupid people with money are soon stupid people with no money.
It is almost beyond belief that anyone would invest in such a pile-of-shit company. I guess if you beat on a garbage can long enough, the junkyard dogs will eventually come around for a whiff of the rotten shit inside.
The “people” who founded and are now fleeing from this company are exploitative leeches on the creative world. I doubt they are even goddamned human beings.
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Cash, meet cow.
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Can we get some insight or something? This is old news.
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