Facebook Inc. (NASDAQ:FB) US$2-billion acquisition of Oculus VR may look modest when compared to its recent US$19-billion purchase of WhatsApp, but there appears to be a clearer path for monetizing this new asset through game-related software and hardware. Facebook Inc. (NASDAQ:FB) shares after opening at $64.89 moved to $66.19 on last trade day and at the end of the day closed at $64.89. Company price to sales ratio in past twelve months was calculated as 20.26 and price to cash ratio as 13.93. Facebook Inc. (NASDAQ:FB) showed a negative weekly performance of -6.21%.
Grapevine-based video game and electronics retailer GameStop Corp. (NYSE:GME) announced that is has launched GameStop Technology Institute in partnership with IBM and the Centre for Retailing Studies at Texas A&M University’s Mays Business School. GameStop Corp. (NYSE:GME) shares fell -0.84% in last trading session and ended the day on $37.79. GME return on equity ratio is recorded as 17.80% and its return on assets is 9.90%. GameStop Corp. (NYSE:GME) yearly performance is 53.12%.
The Walt Disney Company (NYSE:DIS) $500 million purchase of YouTube video producer Maker Studios is a sign that the entertainment industry’s content and technology start-ups are coming of age and proving to be as valuable to Hollywood as app makers are to the giants of Silicon Valley. The Walt Disney Company (NYSE:DIS) shares moved up 0.08% in last trading session and was closed at $79.55, while trading in range of $78.60 – $80.34. The Walt Disney Company (NYSE:DIS) year to date (YTD) performance is 4.12%.
ProShares UltraShort Gold (ETF) (NYSEARCA:GLL) a premier provider of alternative exchange traded funds, on 19 march announced that its High Yield Interest Rate Hedged ETF (HYHG) has garnered more than $100 million in assets since its launch in May 2013. HYHG delivers a portfolio of high yield bonds and a built-in interest rate hedge. ProShares UltraShort Gold (ETF) (NYSEARCA:GLL) weekly performance is 6.53%. On last trading day company shares ended up $85.70. ProShares UltraShort Gold (ETF) (NYSEARCA:GLL) distance from 50-day simple moving average (SMA50) is -2.90%.
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