ValueClick settles for $2.9 million in spam case
ValueClick's $2.9 million settlement with the Federal Trade Commission of charges it spammed users with deceptive offers was filed in federal court today. While ValueClick publicly announced the settlement terms last month, and gets away without having to admit wrongdoing, the bad news couldn't have come at a worse time. The company also stands to lose eBay's affiliate marketing business next month The company's stock was down 7 percent today, hitting a one-year low at $16.20 a share. Look for the company to start offering free iPhones to anyone who buys 50 shares of VLCK, subscribes to Ladies Home Journal and applies for auto insurance.