Millennial Media’s Disappointing Q1: Net Losses Increase, CFO Steps Down
Mobile ad network Millennial Media revealed during its Q1 earnings call Wednesday that although quarterly revenue is up, the company continues to bleed money and CFO Michael Avon is stepping down. As a result of its dismal report, the company’s shares tumbled 45% in after hours trading, hovering in the $3 range. While Millennial Media reported $72.6 […]