Post by
royalCapital on Dec 29, 2023 5:21pm
Very thinly illiquid stock
Entire day less one transaction. and now some guy has 400,000 shares for sale at .14 cents.
tax loss selling? the CRA case of 80 million dollars and the media sector is currently out of favor sector. cost of content is high and lack of advertisers. Even amazon is getting into the 'ad business' in a declinig advertising pie.
All the gains google had in advertising is from declines in old traditional tv, radio and print ads.
internet advertising spending is now more than traditional tv ,radio, print,newspaper ad revenues.internet advertising in 2000 was less than 1% of all ad revenues now it's over 90% or more.