Facebook Inc (NASDAQ:FB)’s penetration rate in Taiwan is higher than in any other market in the world, an executive of the world’s largest social network said yesterday. Facebook Inc (NASDAQ:FB) stock opened at $69.34 in last session, and closed at $68.94, while the day range of stock is $68.87-$70.01. The stock showed a negative weekly performance of -0.99%.
Baidu Inc (ADR) (NASDAQ:BIDU) , China’s leading web and search engine service – received a “buy” recommendation from two analysts who set a 12-month price target of more than $200 after the company reported fourth-quarter and full-year revenue growth. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened at $174.00, in last session and closed at $178.92, by gaining 3.48%. The 52 week range of the stock is $82.98 – $185.50. Company’s market capitalization is $62.61 billion.
Youku Tudou, Inc (ADR) (NYSE:YOKU) formerly Youku, a Chinese internet television company, saw its net revenues in the fourth quarter of 2013 reach CNY 901.3 million, a 42 percent increase from the corresponding period in 2012. Gross profit was CNY 254.3 million, a 119 percent increase from the corresponding period in 2012. The net loss was CNY 24.6 million, a 78 percent decrease from the corresponding period in 2012. Youku Tudou Inc (ADR) (NYSE:YOKU) stock advanced 3.00% and finished the last session at $30.86. The EPS of the stock remained -0.66. Company’s market capitalization is $5.78 billion.
Equities researchers at Bank of America started coverage on shares of Yelp Inc (NASDAQ:YELP) in a research report issued on Thursday,AnalystRatingsNetwork.com reports. The firm set a “neutral” rating and a $100.00 price target on the stock. Yelp Inc (NYSE:YELP) stock opened the session at $95.64, and closed the session at $97.39. The 52 week range of the stock remained $20.96 – $99.25 and the day range was $95.40 – $99.25.
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