Facebook Inc (NASDAQ:FB) is facing slowing growth in many Western markets, particularly among younger demographics, and the WhatsApp acquisition is meant to help regain growth. Facebook Inc (NASDAQ:FB) shares after opening at $68.01 moved to $68.23 on last trade day and at the end of the day closed at $66.97. Company price to sales ratio in past twelve months was calculated as 20.91 and price to cash ratio as 14.38. Facebook Inc (NASDAQ:FB) showed a negative weekly performance of -2.70%.
Turkey blocked access to Twitter Inc (NYSE:TWTR) on Friday after Prime Minister Recep Tayyip Erdogan threatened to “rip out the roots” of the social media network where wiretapped recordings that appear to incriminate the Turkish leader and other top officials in high-level corruption, damaging the government’s reputation ahead of local elections this month. Twitter Inc (NYSE:TWTR) shares fell -2.19% in last trading session and ended the day on $50.12. Twitter Inc (NYSE:TWTR) return on equity ratio is recorded as -105.10% and its return on assets is -41.20%.
Baidu Inc. (NASDAQ:BIDU), the largest Chinese internet stock on the NASDAQ, rose $2.43, helping lift the rest of the sector. 51job Inc. (NASDAQ:JOBS), Youku Tudou (NYSE:YOKU), NetEase Inc. (NASDAQ:NTES) and Ctrip.com Intl. (NASDAQ:CTRP) all followed suit. But it wasn’t a cake walk for everyone. Baidu Inc (ADR) (NASDAQ:BIDU) shares moved down -1.93% in last trading session and was closed at $157.48, while trading in range of $157.03 – $161.27. Baidu Inc (ADR) (NASDAQ:BIDU) year to date (YTD) performance is -11.47%.
Chinese stocks in New York fell for the first time in three days, led by Renren Inc. (NYSE:RENN), after the social networking website operator forecast sales that came below analysts’ estimates. Renren Inc (NYSE:RENN) weekly performance is -12.43%. On last trading day company shares ended up $3.31. Renren Inc (NYSE:RENN) distance from 50-day simple moving average (SMA50) is -4.87%. Analysts mean target price for the company is $2.86.
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