SEEKING ALPHA – Feb 3 – Smaller companies in the social media sector have been under pressure since Fed Chair Janet Yellen said that social media stocks were overvalued. But some of these companies, and in particular MeetMe, just may be worth investing in because of the significant growth/ turnaround in performance. This week the company has surpassed 1.1M mobile daily active users for the first time ever. Much of MeetMe's revenues come from the sale of its digital credits and its membership dues. It also relies on ad revenue. The company has recently signed an agreement with a well-known ad firm Beanstock Media to generate ads revenues on its mobile platform. Meetme reported Q3 net income of $52K.
by Christopher P. Davis
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