GoFish Stop Bolt.com Deal and Suffers Falling Stock Price, Ad Revenues

The $30 million stock trade for Bolt.com that GoFish was supposed to do has been dropped.

The deal was partially meant to help Bolt pay its settlements with several music labels, including Universal Music.

The stock price of GoFish has probably fallen due to the delay in the Bolt.com deal that was supposed to be completed this May.

GoFish now has a market cap of just over $13m but previously it has been 20 times larger than that.

Apparently GoFish lost a major ad network on their site and so their ad earnings were down a lot as well.

What do you think about the situation at GoFish?

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