Shares of MeetMe, the New Hope-based social-media company that buys and builds smartphone applications "for meeting and chatting with new people," rose as much as 14% in Tuesday morning trading, after MeetMe:
- Posted higher advertising sales and profits Monday, following its acquisition of Skout last year:
- Agreed to buy a privately-held, San Francisco-based firm called If(we), which runs the Tagged and H5 apps, for $60 million, CEO Geoff Cook said in this statement.
MeetMe, which has been in the $5-6 range since last Spring, traded around $5.87 in the late morning hours. It was briefly above $10 in 2006 and again in 2010.