MeetMe Inc (NASDAQ:MEET) claims the introduction of a Friend Suggestions feature for its iPhone app – part of a very competitive social networking/messaging app landscape – has boosted iPhone friend requests by over 60%, and total friend requests by 30%. The feature will be added to MeetMe Inc (NASDAQ:MEET)’s Android app in Q3. Shares are recovering a small portion of the losses they’ve seen since a May 8 EPS miss. MeetMe Inc (NASDAQ:MEET) net profit margin is -16.60%and weekly performance is 10.53%. On last trading day company shares ended up $2.10. Analysts mean target price for the company is $4.75. MeetMe Inc (NASDAQ:MEET) distance from 50-day simple moving average (SMA50) is -25.29%.
Facebook Inc (NASDAQ:FB) announced that it would cut down on Newsfeed updates that third-party apps including the likes of Spotify and Cityville automatically share. Facebook Inc (NASDAQ:FB) shares advanced 0.50% in last trading session and ended the day on $63.83. FB Gross Margin is 78.40% and its return on assets is 11.30%. Facebook Inc (NASDAQ:FB) quarterly performance is -7.41%.
Yelp Inc (NYSE:YELP) shares are up 22% since in less than 2 weeks. Just when web 2.0 heavily shorted stocks were the death of investors portfolios, Yelp is making a comeback. Yelp Inc (NYSE:YELP) shares moved up 8.10% in last trading session and were closed at $68.56, while trading in range of $63.78 – $68.87. Yelp Inc (NYSE:YELP) year to date (YTD) performance is -0.57%.
Zynga Inc (NASDAQ:ZNGA) announced that the company will present at the upcoming Bank of America Merrill Lynch 2014 Global Technology Conference which will be organized in San Francisco. Zynga’s Chief Executive Officer, Don Mattrick will represent the company in a session scheduled for Wednesday, June 4, 2014 at 05:00 p.m. ET. Zynga Inc (NASDAQ:ZNGA) ended the last trading day at $3.41. Company weekly volatility is calculated as 3.92% and price to cash ratio as 3.86. Zynga Inc (NASDAQ:ZNGA) showed a positive/negative weekly performance of 0.59%.
LinkedIn Corp (NYSE:LNKD) launched a simplified version of its website in Chinese language. The simplified version was announced on February 25, 2014, and by that time the professional social networking website had about four million users in China. LinkedIn Corp (NYSE:LNKD) net profit margin is -0.60% and weekly performance is 7.18%. On last trading day company shares ended up $163.69. Analysts mean target price for the company is $224.14. LinkedIn Corp (NYSE:LNKD) distance from 50-day simple moving average (SMA50) is -1.89%.
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