Facebook Inc (NASDAQ:FB) said it would pay $2 billion for Oculus VR, a two-year-old virtual reality startup that has yet to put a product on the market. Facebook CEO Mark Zuckerberg described the deal as the social media giant’s desire to bet on “the platforms of tomorrow.” Facebook Inc (NASDAQ:FB) shares after opening at $61.34 moved to $61.95 on last trade day and at the end of the day closed at $60.01. Company price to sales ratio in past twelve months was calculated as 19.44 and price to cash ratio as13.36. Facebook Inc (NASDAQ:FB) showed a negative weekly performance of -10.75%.
Yahoo! Inc. (NASDAQ:YHOO) is reportedly working to enter into YouTube’s territory with its own video sharing service and even though the firm is officially remaining tightlipped, it has been rumored that the website will be ready for a launch in the next few months. Yahoo! Inc. (NASDAQ:YHOO) shares advanced 0.87% in last trading session and ended the day on $35.90. YHOO return on equity ratio is recorded as 10.20% and its return on assets is 8.50%. Yahoo! Inc. (NASDAQ:YHOO) yearly performance is 52.57%.
Groupon Inc (NYSE:GRPN)’s shares gained 1.01% to $8. Groupon (GRPN) and City Harvest, the world’s first food rescue organization, are partnering to present the One Groupon, One Meal campaign launching March 19 and running through April 1. Every time a subscriber purchases a Groupon from the food and drink offerings in the New York metropolitan area, Groupon will donate one meal to City Harvest (up to $10,000 over the two-week campaign). Groupon Inc (NASDAQ:GRPN) shares moved down -0.88% in last trading session and was closed at $7.85 while trading in range of $7.66 – $8.10 – Groupon Inc (NASDAQ:GRPN) year to date (YTD) performance is -33.31%.
The Nokia Corporation (ADR) (NYSE:NOK) X Dual SIM is a new and the first Android smartphone from the world famous manufacturer of Finland. The budget-friendly phone models a 4.0-inch IPS LCD capacitive touchscreen with 16M colours, 800 x 480 pixels resolution and 233ppi pixel density. It is available in different colours including green, red, black and white. Nokia Corporation (ADR) (NYSE:NOK) weekly performance is 2.37%. On last trading day company shares ended up $7.34. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is-0.97%. Analysts mean target price for the company is $8.01.
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