Millennial Media (MM -15.7%), crushed yesterday following its Q1 report (I, II), has plummeted...

|About: Millennial Media, Inc. (MM)|By:, SA News Editor

Millennial Media (MM -15.7%), crushed yesterday following its Q1 report (I, II), has plummeted to new post-IPO lows yet again. The post-earnings selloff in fellow mobile ad firm Velti (VELT -34.2%) is likely playing a role, though concerns about Millennial's business have been taking a toll for a while. Jim Edwards recently pointed out that, like Yelp, Millennial's strong Q1 revenue growth was eclipsed by its opex growth, thanks to a major increase in sales headcount.