Startups
Startups / Technology

Google, Facebook challenge Millennial Media’s mobile-ad market share

As bigger companies like Google and Facebook keep extending their reach into mobile advertising, will Canton-based Millennial Media be able to keep up?

Screenshot via Millennial Media's website.

As bigger companies like Google and Facebook keep extending their reach into mobile advertising, will Canton-based Millennial Media be able to keep up?
The global mobile advertising firm, as Technical.ly Baltimore reported, lost $12.9 million in Q1 of 2014. In addition, its stock price last week fell by 40 percent.
As the Baltimore Business Journal reports, more competition in the mobile ad market “could complicate Millennial Media Inc.’s ability to make the comeback it needs.”

Millennial is considered a leader in a rapidly growing market, mobile advertising, and has long competed with Internet giants Google Inc. and Facebook Inc. But as those companies make a bigger push into mobile advertising, smaller firms like Millennial might have a harder time keeping up, Eden Zoller, a principal analyst for consumer telecom at Ovum, said in an email.

Read the full story at the Baltimore Business Journal.
In January, Millennial Media cofounder Paul Palmieri left the company.

Companies: Millennial Media
Engagement

Join the conversation!

Find news, events, jobs and people who share your interests on Technical.ly's open community Slack

Trending

How venture capital is changing, and why it matters

Why the DOJ chose New Jersey for the Apple antitrust lawsuit

A veteran ship's officer describes how captains work with harbor pilots to avoid deadly collisions

What we know so far about the Key Bridge collapse

Technically Media