MeetMe (MEET) is a social network that allows you to meet new people through social games and apps.
That broadly makes it not altogether much different than Facebook (FB) — perhaps a decent reason investors haven’t been too interested in its stock.
MeetMe’s monetization has been lackluster; in the latest quarter, revenues fell from $10.4 million to $7.8 million, though mobile revenues did spike by 150% to $1.9 million. However, it did succeed in racking up losses, to the tune of $7.3 million, up from $1.9 million in the year-ago period.
That performance has helped fuel a more-than-halving of MEET shares in 2013.
Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.