Demand Media (DMD -6.3%) tumbles following a downgrade to Underweight from Morgan Stanley's...

|By:, SA News Editor

Demand Media (DMD -6.3%) tumbles following a downgrade to Underweight from Morgan Stanley's Scott Devitt, who notes a new round of Google (GOOG) algorithm changes has led to a drop in unique visitors for Demand's sites. Moreover, Devitt sees Demand's attempts to spend more on content (with the goal of shedding its "content farm" image) hurting profits. (previously)