Qihoo 360 (QIHU -5.8%) finished the day off sharply. Possibly hurting its cause was a column...
Wednesday, June 20, 2012, 4:42 PM ETQihoo 360 (QIHU -5.8%) finished the day off sharply. Possibly hurting its cause was a column from SA's Richard N. Davis, who questions the usage figures Qihoo cites for its web browser's home page (its main source of revenue), given the lack of third-party confirmation, and indications from third-party sources that growth is minimal. Qihoo, which recently saw a CFO shakeup, has been a frequent target of Citron Research.
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