Facebook Inc. (NASDAQ:FB) Chief Executive Officer Mark Zuckerberg is seeking to put the world’s biggest social-networking service at the centre of the mobile- application universe. The company introduced new tools, new login options and more ways for developers to make money off of apps. Facebook is opening up its network of 1 million advertisers to software creators who want to run mobile promotions on smartphones and tablets as it pushes to drive revenue from a larger audience. Facebook Inc (NASDAQ:FB) shares after opening at $60.43 moved to $62.28 on last trade day and at the end of the day closed at $61.15 . Company price to sales ratio in past twelve months was calculated as 17.58 and price to cash ratio as 12.41. Facebook Inc (NASDAQ:FB) showed a positive weekly performance of 0.46%.
Yelp Inc (NYSE:YELP) announced financial results for the first quarter ended March 31, 2014. The company said its first quarter net revenue was $76.4 million in the first quarter of 2014, reflecting 66% growth from the first quarter of 2013. Net loss in the first quarter of 2014 was $(2.6) million, or $(0.04) per share, compared to a net loss of $(4.8) million, or $(0.08) per share, in the first quarter of 2013. Adjusted EBITDA for the first quarter of 2014 was approximately $8.5 million, compared to $3.2 million for the first quarter of 2013. Yelp Inc (NYSE:YELP) shares advanced 9.77% in last trading session and ended the day on $64.02. YELP return on equity ratio is recorded as -3.90% and its return on assets is -3.60%. Yelp Inc (NYSE:YELP) yearly performance is 153.04%.
Yahoo! Inc. (NASDAQ:YHOO) is planning to fill out its board of directors with the addition of Jane Shaw, a former pharmaceutical industry executive. Shareholders will vote on the addition of Shaw, 75, on June 25, at the company’s annual meeting, Sunnyvale, California-based Yahoo said in a statement yesterday. They’ll also vote on nominees David Filo, a Yahoo co-founder, Charles Schwab Corp. Chairman Charles Schwab and former Wal-Mart Stores Inc. Chief Executive Officer Lee Scott, who were all proposed by Yahoo on April 16. Yahoo! Inc. (NASDAQ:YHOO) shares moved up 1.56% in last trading session and was closed at $36.51 while trading in range of $36.00 – $36.69 – Yahoo! Inc. (NASDAQ:YHOO) year to date (YTD) performance is -9.72%.
GrouponInc. Inc (NASDAQ:GRPN) on Thursday launched a new service called Groupon Basics, in which the e-commerce and daily deal company will offer special prices of bulk household products. Groupon said that the service will cover “more than 100 household, personal care and health and wellness items.” Initial deals include offers for razor blades, vitamin supplements and shampoo, among other items. Groupon said the Basics service will offer free shipping on orders costing $24.99 and higher, as well as free returns. Groupon shares rose 1.3% to $7.08 in early trading. Groupon Inc (NASDAQ:GRPN) weekly performance is -4.45%. On last trading day company shares ended up $7.08. Groupon Inc (NASDAQ:GRPN) distance from 50-day simple moving average (SMA50) is -11.19%. Analysts mean target price for the company is $11.12.
Twitter Inc. (NYSE:TWTR) investors who heeded the advice of high-profile banks such as Goldman Sachs Group Inc. and Deutsche Bank AG to buy the social media company’s shares might be kicking themselves. Twitter Inc (NYSE:TWTR) shares moved up 0.31% in last trading session and was closed at $39.09 while trading in range of $38.97 – $40.77 – Twitter Inc (NYSE:TWTR) year to date (YTD) performance is -38.59%.
LinkedIn Corp (NYSE:LNKD) reported a first-quarter loss on Thursday as the online networking service ramped up its investments in projects aimed at attracting more users on the lookout for better jobs and career advice. Still, the company’s financial results surpassed analysts’ forecasts. LinkedIn lost $13.3 million, or 11 cents a share, in the first three months of the year, compared with earnings of $22.6 million, or 20 cents a share, a year earlier. The quarterly loss was LinkedIn’s largest since going public in May 2011. LinkedIn Corp (NYSE:LNKD) weekly performance is -6.04%. On last trading day company shares ended up $161.22. LinkedIn Corp (NYSE:LNKD) distance from 50-day simple moving average (SMA50) is -13.50%. Analysts mean target price for the company is $249.37.
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