The share price has slumped, losing almost a third of its initial value, and placing it as the fourth worst performer on the Neuer Markt in the past month. However, the management remain confident that the company will stick to its earnings forecast.
The news comes in the same week as an influential report suggested that US online trading volumes could suddenly have gone into decline. The report led to a plunge in shares in online brokers Charles Schwab and others. Behind the report is a belief that many of the new Internet-related companies will have to wait for a considerable time before making a profit.
Artnet shares plunge on German exchange
GERMANY: INTERNET art auctioneer Artnet.com which floated on the Frankfurt exchange in May, have denied a claim by magazine Boerse Online that their main shareholders are selling their shares.
