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Slashdot owner reports loss again

Feb 19, 2011, 11:04 (16 Talkback[s])
(Other stories by Sam Varghese)

[ Thanks to Sam Varghese for this link. ]

"Geeknet, the owner of the American technology news accumulation site, Slashdot, has reported a net loss of $US4.4 million for the year 2010.

"In 2009, the company recorded a net loss of $US14 million.

"Geeknet released results for the final quarter of 2010 a couple of days ago. Apart from Slashdot, Geeknet also owns SourceForge, ThinkGeek and freshmeat.

"The results showed that revenue for the full year increased by 44 percent to $US94.6 million. Most of the increase came from ThinkGeek, a site that sells products that appeal to geeks. ThinkGeek increased its revenue by 55 percent while Geeknet's media revenue went up by 11 percent."

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