Slashdot owner reports loss again
Feb 19, 2011, 11:04 (16 Talkback[s])
(Other stories by Sam Varghese)
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"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."