On May 23, Weibo Corp (ADR) (NASDAQ:WB) the micro-blogging website based out of China, has reported more than double net loss in 1Q, 2014. As per the company this was due to increased spending in new efforts to attract new users. The total loss reported for the first three months of the year was $47.4 million against $19.2 million. On the other hand, the company has managed to increase the number of users who are active daily by 37% in the same period. Weibo Corp (ADR) (NASDAQ:WB) stock opened today at $18.46 and is currently trading at $18.10. The stock showed a negative weekly performance of -8.51%.
Equities research analysts at Jefferies Group boosted their target price on shares of Renren Inc (NASDAQ:RENN) from $2.70 to $2.85 in a research note issued to investors on Thursday. Jefferies Group’s target price indicates a potential downside of 16.42% from the stock’s previous close. Renren Inc (NYSE:RENN) stock opened at $3.39, in current trading session and currently is at $3.40, by losing -0.29%. The 52 week range is $2.75 – $4.79. Company’s market capitalization is $1.24 billion.
Analysts at Northland Securities upgraded shares of MeetMe Inc (NASDAQ:MEET) to an “outperform” rating in a research note on Wednesday, April 30th. MeetMe Inc (NASDAQ:MEET) stock is currently trading at $1.99. The EPS of the stock is -0.18. Company’s market capitalization is $76.65 million.
On May 24, Yelp Inc (NASDAQ:YELP) CEO Jeremy Stoppelman sold 13,514 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $59.59, for a total value of $805,299.26. Yelp Inc (NYSE:YELP) stock opened the session at $62.21, and now is at $63.47. The 52 week range of the stock remained $26.75 – $101.75 and the day range was $61.77 – $63.53.
On May 23, Baidu Inc (ADR) (NASDAQ:BIDU) has recently opened a new AI lab in Silicon Valley. It already has Deep Learning Lab and Big Data Lab in Beijing, which will be leaded by Andrew. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened today at $168.04 and is currently trading at $169.45. The stock showed a positive weekly performance of 8.31%.
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