With IPO On Hold, Kayak Reports Q3 Revenue Up 28 Percent To $61M; Net Income Up 44 Percent
As AllThingsD reported in September, travel search engine Kayak has put its IPO on hold until market conditions improve. Kayak filed its S-1 for a public offering nearly a year ago. Today, the company just filed a new S-1 with its revenue numbers from the third quarter ended September 30, 2011.
During the most recent quarter, Kayak posted $61.16 million in revenue, up 28 percent from the same quarter in 2010. The company also increased revenue slightly from the second quarter 2011, which came in at $56.7 million.
Net income for the third quarter 2011 was $12.7 million, up 44 percent from the same quarter in 2010, in which net income was $8.7 million. Profits were up from $5.7 million in the second quarter of 2011.
In the nine months ended September 30, 2011, Kayak processed 679 million user queries for travel information, which is up 45% over the nine months ended September 30, 2010.
It’s a good sign for Kayak that revenues and profits are increasing both yearly and quarter over quarter considering the intense competition the site faces in the online travel space. Google just launched its flight bookings and search portal, which is powered by the recent acquisition of ITA Software.
Of course, it’s important to note that in the filing itself Kayak says that the most ‘significant portion’ of its revenues is earned in the second and third quarters, with revenue declining in the fourth quarter.
These positive numbers could bode well for Kayak’s pending IPO. With Yelp, ExactTarget, Zynga and perhaps even Facebook in the mix, the IPO market for tech companies hasn’t dried up.
Even Your Mom Knows What A Meme Is Thanks To “Casually Pepper Spraying Cop”
A testament to how fast we are consuming culture these days, it only took ~72 hours for the UC Davis “Casually Pepper Spraying Cop” Photoshop meme to go from Reddit thread to CNN, with officer John Pike is in all his pepper spraying glory spraying“everyone from Santa to Jesus” on a segment for the international news channel.
“Reports” Reports CNN’s Jeanne Moos, “He’s become what’s called a meme, an idea reproducing across the web, even spraying another Internet meme (!), The Keyboard Cat.”
While you’ve probably seen Pike wield his spray at everything from Pink Floyd’s “Dark Side of the Moon” to a baby seal all over the Facebooks and the Twitters, the meme actually started as out another meme, “Strutting Leo,” super-imposed on an Occupy protest photo. It was then brilliantly extrapolated to incorporating Pike’s image in the Trumbull painting Declaration of Independence. And so on and so forth.
Like most memes before him, Pike’s got a parody Twitter account and spin-off memes, namely various iterations of Fox newscaster Megyn Kelly calling pepper spray “Essentially a food product.” (Moos’ take, “Kelly would probably like to eat her words, a long as they aren’t seasoned with pepper spray!”).
The meme has spiraled out into hundreds of joke reviews of the brand of pepper spray Pike used on Amazon, a robust Quora thread filled with all the images and image macros and a Hitler “Downfall” video where Hitler is angry about how little time it took Pike to become a meme.
It even made CNN which, in a world where I just saw a Kohl’s commercial rip off Rebecca Black, isn’t that surprising (Note: I sat there dumbfounded while my stepmom didn’t seem to notice anything was amiss, probably because she was lucky enough to have never seen the original “Friday”).
But that soon may change. In a soliloquy in the timbre of The Things They Carried, Moos gives it her all in the above video, “Pepper spray is being aimed at old people and The Village People, it’s even being aimed up Marilyn Monroe’s dress. Anyone care to give thanks to pepper spray on ‘Turkey Day’?”
Odds are good that at least some of you will be talking about Pike’s spray antics at your family dinner table.
“Leaked” Facebook Law Enforcement Guides Already Available, Still Bad For PR
available” Facebook law enforcement guidelines that explain how and what data can be obtained by officials with a subpoena, warrant, or court order. In fact, many versions of the outdated guides were already widely available thanks to an Electronic Frontier Foundation Freedom of Information Act request, as well as from other sources.
Though previously available and out of date, the new coverage about how Facebook provides user information when obliged by law could stoke fears about data privacy and Big Brother. By being more public with its law enforcement, guidelines Facebook could have avoided seemingly like it had something worth “leaking”.
[Update: Facebook has just published "Information for Law Enforcement Authorities" to its Safety Center. Most of the information was already available in the guides, but it includes details about data requests from international agencies, cost reimbursement for Facebook attaining and delivering data, and that Facebook does not provide expert testimony. By making this information publicly available, Facebook is less likely to be perceived as having something to hide.]
Talking Points Memo, which incorrectly wrote the guides were new, also reports that Facebook plans to publicly release a current version of its law enforcement guide next week. As of press time, Facebook’s Public Policy team couldn’t be reached to comment on the forthcoming guide. If published, it could fuel or quell discontent depending on details of how much data Facebook releases and what hoops officials must jump through to get it.
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- Marilyn Monroe’s dress: But that soon may change. In a soliloquy in the timbre of The Things They Carried, Moos gives...
- Иван: As AllThingsD reported in September, travel search engine Kayak has put its IPO on hold until market conditions...
With IPO On Hold, Kayak Reports Q3 Revenue Up 28 Percent To $61M; Net Income Up 44 Percent
As AllThingsD reported in September, travel search engine Kayak has put its IPO on hold until market conditions improve. Kayak filed its S-1 for a public offering nearly a year ago. Today, the company just filed a new S-1 with its revenue numbers from the third quarter ended September 30, 2011. During the most recent [...]
“Leaked” Facebook Law Enforcement Guides Already Available, Still Bad For PR
available” Facebook law enforcement guidelines that explain how and what data can be obtained by officials with a subpoena, warrant, or court order. In fact, many versions of the outdated guides were already widely available thanks to an Electronic Frontier Foundation Freedom of Information Act request, as well as from other sources. Though previously available [...]
