Monster’s Revenue Falls, Records Losses

Monster Worldwide, the parent company for a variety of websites such as Monster.com, Military.com, Tickle.com, Fastweb.com and HMForces.co.uk, saw its revenue plummet in the first quarter of 2009. Considering that their main property is Monster.com and unemployment is at a high not seen in decades, it’s not surprising that the parent company is struggling.
For the quarter ending on March 31st, Monster Worldwide had revenue around $254 million. In the first quarter of 2008, the company had revenue of more than $365 million. The fall from last year to this year was over 30%.
Profit, as would be expected, also was down. …read more