Shares of SurveyMonkey parent Momentive Global Inc. closed up more than 16% Wednesday after a report that it is considering a sale.No final decision has been made and Momentive could decide to remain independent, the report said.that it planned to cut its workforce by about 11%. The company has about 1,600 employees globally and besides its San Mateo headquarters at Bay Meadows, it also has offices in San Francisco, New York, Seattle as well as in Canada, Europe and Australia.
Momentive CEO Zander Lurie said at the time that he was disappointed about the development, but was"confident in our go-forward strategy." The company's software is used to create surveys, quizzes, and polls. "We have a strong portfolio of products that address valuable customer needs, and our market opportunity is larger and more relevant than ever," Lurie said in February.
Momentive net loss grew last year by about 6% to $130.3 million despite 18% growth in revenue to $443.8 million. Its net loss in the first six months of 2022 grew by nearly 12% to $28.6 million. Revenue in that period grew by 12% to about $237 million.
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