Facebook Inc. (NASDAQ:FB) $2 billion acquisition of Oculus VR is just one sign of the growing business thirst for using virtual reality technology to change ways of working and improve customer experiences. Facebook Inc. (NASDAQ:FB) shares after opening at $61.34 moved to $61.95 on last trade day and at the end of the day closed at $60.01. Company price to sales ratio in past twelve months was calculated as 19.44 and price to cash ratio as 13.36. Facebook Inc. (NASDAQ:FB) showed a negative weekly performance of -10.75%.
58.com Inc. (NYSE:WUBA) on 28 march announced that the previously announced registered follow-on public offering of American depositary shares (“ADSs”) by the Company and certain selling shareholders was priced at US$38.00 per ADS. 58.com Inc. (ADR) (NYSE:WUBA) shares advanced 3.01% in last trading session and ended the day on $40.33. WUBA return on equity ratio is recorded as 19.20% and its return on assets is -39.80%.
Yahoo! Inc. (NASDAQ:YHOO) is planning to launch a web video platform this year, giving serious competition to Google Inc. (NASDAQ:GOOG) owned YouTube. Yahoo! Inc. (NASDAQ:YHOO) shares moved up 0.87% in last trading session and was closed at $35.90, while trading in range of $35.53 – $36.73. Yahoo! Inc. (NASDAQ:YHOO) year to date (YTD) performance is -11.23%.
Turkish court overturns ruling that restricts viewing of Twitter Inc. (NYSE:TWTR) account. Twitter Inc. (NYSE:TWTR) weekly performance is -7.11%. On last trading day company shares ended up $47.30. Twitter Inc. (NYSE:TWTR) distance from 50-day simple moving average (SMA50) is -15.66%. Analysts mean target price for the company is $50.96.
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