---

Slashdot owner reports loss again

[ 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.”


Complete Story

Get the Free Newsletter!

Subscribe to Developer Insider for top news, trends, & analysis