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Qihoo (QIHU -6.1%) is plunging in early trading, and another bearish column from SA's Richard N....
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Tuesday, August 28, 2012, 10:27 AM ETQihoo (QIHU -6.1%) is plunging in early trading, and another bearish column from SA's Richard N. Davis (previous) could be playing a role. Davis is critical of Qihoo's high valuation, and once more questions the validity of Qihoo's data about visits and clicks for its browser home page, as well as paid users for its online games. Others have also raised questions about Qihoo's stats. Qihoo took off last week thanks to a strong Q2 report and a decent early reception for its search engine.
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