The Yardley, Pa. firm, celebrated for its charming founders, youthful siblings of the Cook family, says it specializes in helping users meet new people on the Internet. Originally backed (in 2003-04) by First Round Capital of Conshohocken, myYearbook was sold last summer to publicly-traded Spanish-language social network Quepasa Corp., whose owners include previous myYearbook investors US Capital, Norwest Capital and the Cooks.
And yet share prices have fallen by more than two-thirds, to around $3, since the myYearbook deal was announced last summer. Quepasa's latest financial report provides pro forma comparisons for full-year 2010 vs nine months of 2011 here. (In an earlier version of this item I wrongly compared the two, not realizing the duration of the periods varied. I've asked Quepasa for apples-to-apples numbers.) The combined company is now worth around $101 million, roughly the same as Quepasa agreed to pay for myYearbook.