Quepasa.com to be Delisted From Nasdaq

Share this article:
In yet another sign of the recent dot-com tumult, Quepasa.com, an online community Web site geared toward Hispanics, said yesterday that it received a delisting notice from the Nasdaq.


The delisting notice means the company was unable to maintain a minimum bid price of $1 during the previous 30 consecutive trading days.


Quepasa, which launched in 1998, faces a delisting as early as Feb. 6 if the bid on the price of its common stock does not trade above $1 for a minimum of 10 consecutive trading days.


The company, which was unavailable for comment, does not plan to appeal the decision, according to a statement. Instead, it intends to apply for listing on the Over-the-Counter Bulletin Board market.


Quepasa, Phoenix, cut two-thirds of its staff last month, slashing its staff to 20 from 58.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Hallmark Takes Baby Steps to a New Brand

Hallmark Takes Baby Steps to a New Brand

The company relied on digital to get its growing children's apparel brand off of the ground.

One Third of Americans' Social Media Time Is Spent on Facebook

One Third of Americans' Social Media Time Is ...

Pandora, meanwhile, attracts more user time but far fewer digital advertisng dollars, says a study.

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

Robert Thomson warns the EU that an antitrust deal with Google will lead to a decrease in competitive options for marketers and an increase in piracy.