Shares of micro-blogging site Twitter Inc. (NYSE: TWTR) have surged on their trading debut. Twitter completed its IPO on Wednesday. The San Francisco, California-based company priced its IPO at $26 per share. The company offered 70 million shares in the much-awaited IPO, raising $2 billion. Twitter surged to $50.09 earlier today as the company saw [...]
Facebook Inc.’s (NASDAQ: FB) decision to not increase the frequency of ads it shows to its users in the near future hasn’t been welcomed by investors. Shares were mainly flat on Thursday despite a better-than-expected fiscal third quarter results, which were by the social networking giant on Wednesday after the market close. For the latest [...]
Facebook (NASDAQ: FB) has agreed to acquire an Israeli start-up app maker, Onavo for an undisclosed sum. Onavo, which was founded three year ago, develops mobile utility app, helping users to cut phone costs through more effective use of data. According to Calcalist, a financial website, the online social networking giant is paying between $150 [...]
Equity research analysts at Canaccord Genuity initiated coverage on Facebook (NASDAQ: FB) from Wednesday. The firm assigned a “buy” rating and set a price target of $60.00. The price target implies an upside potential of 23.84% over Tuesday’s closing stock price. In the research report, analyst said that the reason behind initiating coverage of FB [...]
Shares of Groupon Inc. (NASDAQ: GRPN) soared on Thursday to clock a new 52 week high after Stifel Nicolaus upgraded the online marketplace stock to a “buy” from a “hold”. The firm has a price target of $16. Ever since Eric Lefkofsky took over the reins of the Company from Andrew Masson, the stock has [...]
Tencent Holdings Ltd. said on Monday that it has bought a minority stake in China’s third largest search engine by traffic, Sogou for $448 million. Sogou search engine is owned by Sohu.com Inc. (NASDAQ: SOHU). The deal underpins that how large Chinese internet companies are aggressively expanding their product offerings amid intensifying competition. The deal [...]
Daily deals site, Groupon Inc. (NASDAQ: GRPN) announced on Monday that it has acquired Blink Booking. Blink Booking is a Madrid based start-up which made last minute hotel booking app called Blink. The terms of the deal were not revealed though. Blink, which was founded in 2011, raised $2.5 million last year in order to [...]
Shares of e-commerce marketplace, Groupon Inc. (NASDAQ: GRPN) gained sharply on Thursday after Morgan Stanley upgraded the stock to a “buy”, citing turnaround in North American region due to the introduction of the deal bank. Besides, in the research report, Morgan Stanley’s equity analyst, Scott Devitt also said that Groupon’s growing revenue from mobile business [...]
Jordan Rohan and Michael Purcell, Equity research analysts at Stifel raised price target on Facebook Inc. (NASDAQ: FB) to $50. The firm reiterated a “buy” rating on the stock. The research report cited Facebook’s unexpected growth in the recent past, which breached the earlier price target of $38.01. The analysts expect that the stock’s uptrend [...]
Mark Zuckerberg, the CEO of social networking giant Facebook (NASDAQ: FB) has one dream; to make internet accessible for those people who cannot afford it. To achieve this goal, Zuckerberg has chosen Samsung Electronics and four more companies. The project dubbed as Internet.org will aim at bringing internet access to next 5 billion people around [...] |
|
|
|
Copyright © 2024 Daily Stocks News - All Rights Reserved Powered by WordPress & Atahualpa |
||
Recent Comments