Phorm loses $50m
Phorm, the ad technology company, posted a pre-tax loss of $49.8m in 2008, up from $32.8m in 2007. However, the company insisted the launch of its controversial behavioural ad targeting technology in the UK is on track. The company said that as at 31 December 2008, the company had net assets of $22.4m, with cash […]
