OpenTable Stock Rises on Strong Q4 Results

OpenTable, which assists with making restaurant reservations online, was up nearly $3, or 6 percent, at $54.42 in after-hours trading today, based on strong quarterly results. In the fourth quarter, the San Francisco-based company reported revenue of $37.2 million, representing a 21 percent jump over the same period in 2010. Net income for the quarter totaled $7 million, or 29 cents a share. In Q4 2010, net income totaled $5.1 million, or 21 cents a share.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald