Ask Jeeves when it will make a profit
Answer: Q4 2001, meanwhile greater losses for this Q4
Posted in Business, 8th December 2000 13:12 GMT
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Ask Jeeves, the Q&A-style Net search engine, is warning that its Q4 losses will be greater than expected.
Blaming the online ad market, the California company said it expects to report a net loss of about $18 million on revenues of $25 million.
If investors want to Ask Jeeves when it expects to be profitable, it will give the answer Q4 2001.
CEO Rob Wrubel has resigned as CEO of the company, Current board member A George battle has stepped in as interim CEO.
Amazon's US ad agency has resigned from the account and now the company is looking for a global agency to handle its business across all five countries where it sells goods.
The company spent $33 million on ads last year according to Advertising Age.
For more financial flannel about the dotcom world read our Cash Register
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