Weibo Corporation (ADR) (NASDAQ:WB) Analyst Notes On May 21, 2014, Weibo Corporation (Weibo) reported its financial results for Q1 2014. Total net revenue increased 160.8% YoY to $67.5 million. Net loss was $47.4 million or $0.31 loss per diluted share, compared to net loss of $19.2 million or $0.13 loss per diluted share in Q1 2013. Commenting on the results, Weibo’s CEO Gaofei Wang said, “During the first quarter, we leveraged the chains of media events and fine-tuned our operations and products to improve social information distribution and discovery, resulting in Weibo’s MAU growing 11% sequentially and further solidifying Weibo as a leading social media in China. Weibo Corp (ADR) (NASDAQ:WB) net profit margin is -74.70% and weekly performance is -0.99%. On last trading day company shares ended up $18.96. Analysts mean target price for the company is $25.00. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is -1.84%.
On May 29, MeetMe, Inc. (NASDAQ:MEET) the public market leader for social discovery, has launched its Friend Suggestions feature on its iPhone application. The feature, previously available on the web platform, surfaces a “People You Might Like” section within Feed and Friends, with the goal of driving more friend requests, new friendships, and ultimately, new chat conversations. MeetMe Inc (NASDAQ:MEET) shares advanced 1.09% in last trading session and ended the day on $1.85. Its return on assets is -7.30%. MeetMe Inc (NASDAQ:MEET) quarterly performance is -42.55%.
Reportedly, LinkedIn (NYSE:LNKD) has launched a subscription service called Premium Spotlight for around $10 per month. This is significantly lower than the usual subscription charged by the company for its premium services. Premium Spotlight is a strategic plan to get free members to try out premium services. LinkedIn Corp (NYSE:LNKD) shares moved down -0.74% in last trading session and was closed at $155.24, while trading in range of $152.18 – $157.41. LinkedIn Corp (NYSE:LNKD) year to date (YTD) performance is -28.40%.
San Francisco-headquartered local business directory player Yelp Inc (NYSE:YELP) is to open a new European headquarters in Dublin that will initially generate 100 new jobs. In doing so Yelp joins the top born-on-the-internet companies that have originated in Silicon Valley and made Dublin their choice for European HQ, including Google, Facebook, Twitter, Airbnb, LinkedIn, Dropbox, AOL and many others.Yelp Inc (NYSE:YELP) ended the last trading day at $65.00. Company weekly volatility is calculated as 4.74% and price to cash ratio as 11.67. Yelp Inc (NYSE:YELP) showed a negative weekly performance of -5.19%.
Panasonic Corporation (ADR) (OTCMKTS:PCRFY) and robotics research subsidiary ActiveLink Co Ltd this week showcased robotic suits and vests to assist in arduous manual tasks such as carrying heavy loads or picking fruit from trees. Panasonic Corporation (ADR) (OTCMKTS:PCRFY) On last trading day company shares ended up $11.14 .
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