In late February 2011, News Corp officially put the site up for sale; it was estimated to be worth $50–200 million.[66] Losses from last quarter of 2010 were $156 million, over double the previous year, which dragged down the otherwise strong results of parent News Corp.[2][67] The deadline for bids, May 31, 2011, passed without any above the reserve price of $100 million being submitted[68] It has been said that the decline in users during the most recent quarter deterred several potential suitors.[14]