What Major Funds are Buying and Selling Now After a solid first quarter that saw all three benchmark indexes rise sharply, equity markets continued their excellent run in the first month of the second quarter. All three indexes finished higher in April. [...]
Daily-deals site Groupon Inc. (NASDAQ: GRPN) handed better-than-expected fiscal first quarter revenue late last evening and provided upbeat guidance on the current quarter, fanning hopes that the beleaguered company has seen its worst, sending shares soaring 11% in extended-trading hours. [...]
Ever since LinkedIn Corp. (NYSE: LNKD) went public two years ago, its quarterly results or outlook never disappointed investors with shares often rallying after the earnings releases. [...]
Social networking giant Facebook Inc. (NASDAQ: FB) reported better-than-expected revenue for the fiscal first quarter on Wednesday, thanks to rising revenue from mobile advertising. [...]
China’s e-commerce giant, Alibaba announced on Monday that it has agreed to buy 18% stake in the Sina Corporation’s (NASDAQ: SINA) Weibo, a microblogging service, equivalent to Twitter, in a deal estimated at $586 million. The Company said that agreement allows Alibaba to increase its stake to 30% in the future. [...]
Gaming machines manufacturer and social gaming provider, International Game Technology (NYSE: IGT) reported fiscal second quarter results late last evening. The Company posted better-than-expected results and provided optimistic guidance for the full fiscal year. [...]
Although social gaming company, Zynga Inc.’s (NASDAQ: ZNGA) fiscal first-quarter results topped analysts’ consensus forecast, the outlook on the current quarter and massive drop in the number of people playing its online games disappointed investors, sending shares down by almost 9% in extended hours trading on Wednesday. [...]
Game developing Company, Electronic Arts Inc. (NASDAQ: EA) said that it will shut down three social online games on Facebook Inc. (NASDAQ: FB) as the company just like any other game creator is witnessing dwindling users/gamers base on the social networking giant’s platform. [...]
Professional networking site LinkedIn Corp. (NYSE: LNKD) confirmed on Thursday that it will be acquiring a news application-reader, Pulse, a three year old tech start up, in deal estimated at $90 million, according to AllThingsD. [...]
Social networking giant Facebook Inc. (NASDAQ: FB) has launched its much anticipated and possibly a very profitable way to flash only highly targeted advertisements to its users. Typically, what consumers have shopped in the past, either online or through brick and motors stores, provides fairly good idea on his/her likings and more importantly tells what [...] |
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