The Company is a global online employment solution, bringing people together to advance its lives, across 36 countries around the world.
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If we're looking towards rising unemployment, shouldn't this stock be looking MORE attractive, not less? Maybe I just don't know what I'm talking about :(.
The way that mnst makes money is by companies paying to place jobs on the site. Since fewer companies are placing jobs, mnst has a harder time making revenue in an economic downturn - even though traffic to the monster.com site may be up due to more job seekers. mnst has tried to expand overseas to mitigate this, but not sufficiently to make a huge impact.