-The CEO has stated that accounting isn't important, which makes the likelihood on an IPO near zero.
-The growth rates are not where they should be. Management believes these are due to "self-inflicted wounds," but in actuality, the company is unfocused and has spent the past year antagonizing its user base.
-The company is too big to keep up with changes in the marketplace and too small to be self-sustaining. This leads to a business that is stagnating even with the market trends in its favor.
-The turnover rate is high, and this has really begun to impact the stability of the company. Engineers with any knowledge of the company have almost all left, leaving a bunch of people who do not know how to fix problems with the websites when they occur.
-The CFO and CAO left along with the previous CEO, leaving a management team behind that is largely grasping at straws in order to keep their jobs.