Spring isn’t looking bright for Freaker Inc. The company’s stock plummeted like nothing before to an all-time low in the last fortnight to below $14 per share. One of the intense drops from the high of $38 per share over the last one year and a far drop from its initial trading price of $45 in 2013 and its all-time high of $74. There’s a lot wrong with Freaker, says an analyst who has been monitoring the performance of the company from few weeks now, including fewer incentives for advertisers as competitors lure dollars and user attention. Meanwhile, Scrapbook[1] has reached record revenue whose stock was up by 207% last week, after four years of its listing.
Being one of the fastest growing microblogging sites, Freaker has close to 320 million
Being one of the fastest growing microblogging sites, Freaker has close to 320 million