By Joel Cheesman - In a down day on The Street, Monster (MNST) is up - fast. Is this a sign that the company is in acquisition talks? Serious rumors? Time will tell, but we think definitely maybe.
Continue reading...Thursday, July 31, 2008
By Vanessa Dennis - Monster.com reports in their quarterly financial earnings call a complete overhaul of the Web site in the future, plus $30.8 million in earnings, a 9% increase from last year. CEO Sal Iannuzzi also discusses the company's recent reorganization and predicts there are more layoffs to come.
Continue reading...Tuesday, July 1, 2008
By Joel Cheesman - Monster stock has dipped into the teens today. Time will tell where this ends up for Monster. On one hand, whispers in the industry point to a buyout if the stock dips to around $15. However, one Wall Street insider, who asked to remain nameless, said MNST is "in the worst possible place as a stock."
Continue reading...Monday, June 2, 2008
Barron’s paints a bleak picture of the current state at Monster (MNST): U.S. job postings are down 18% on a year-over-year basis for the quarter to date, with a 21% drop in May. That’s worse than the 8% slide in April. [Deutsche Bank analyst Jeetil Patel] says the shrinking number of listings could pressure revenue and [...]
Continue reading...Friday, May 16, 2008
Keeping track of the number of execs who have left Monster in the past few months is a dizzying task, but it looks like we’ll need to add the job board’s global controller and chief accounting officer, Jon Trumbull, to the list. Sources tell us he resigned this week after being with the company since [...]
Continue reading...Wednesday, May 14, 2008
Yahoo! HotJobs has confirmed Chris Merritt, formerly of Monster China, is their new SVP of sales. He replaces Tom Karrat, now at Mimeo, who left HotJobs in August 2007. According to his LinkedIn profile, while at Monster, he was a “Worldwide Executive from North America currently on assignment in China, tasked with Go-to-Market management in Greater [...]
Continue reading...Monday, May 12, 2008
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Wednesday, September 17, 2008
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