Turmoil and a significant changing of the guard at mobile data services company Motricity. The company today announced that Ryan Wuerch (pictured), the founder, has left his role as chief executive, effective immediately. Jim Smith, who had been president and COO, has taken over the role on an interim basis.

After a span of 12 weeks at the start of the year in which seven digital media companies filed to go public, the IPO market for digital media firms seems to have dried up. The most recent digital media firm to register for an IPO was mobile marketer Velti, which…

Motricity ended up pricing its initial public offering at $10 a share, instead of the $14 to $16 it hoped to get just 16 days ago—but its stock nevertheless dropped 7 percent on its first day of trading on the Nasdaq, closing at $9.26. (By contrast, the Nasdaq stock market…

Motricity, which filed to raise up to $250 million in an IPO earlier this year, has now slashed its expected take from going public by more than half. The move reinforces the view that while the IPO market has certainly loosened up compared to a year ago, it is still…

At CTIA last year, Motricity’s Chief Strategy and Marketing Officer Jim Ryan grabbed headlines when he said, “Shame on us…My hope is that the mobile internet does not go down the path of re-creating the internet.” Unlike with the internet, he believes users should pay for content and services they…

Motricity increased revenues, narrowed its losses and even generated cash in 2009, according to new documents filed today as part of the company’s IPO ambitions. When the company first filed paperwork in January, it reported results for the first nine months of the year. Today, in an updated registration statement…

Motricity, the Bellevue, Wash.-based company that provides back-end infrastructure to wireless carriers, including web portals, storefront and messaging platforms, has filed documents with the SEC today with the intention raising $250 million in an initial public offering. It will trade under the ticker “MOTR.” The company, which has raised $267…

Velocity is on a tear: the investment group led by Jon Miller (ex-AOL (NYSE: TWX) CEO) and Ross Levinsohn (ex-Fox Interactive Head) has now become an investor in Motricity…this was part of the big December 2007 round of $185 million. The investment was discretely mentioned in a press release today…