Facebook Inc. (NASDAQ:FB)on April 9 will shut down its controversial ad feature called Sponsored Stories that got the company in legal trouble over privacy, the social network said, reports the Wall Street Journal. Sponsored Stories was launched in 2011 and created a social endorsement for ads. Facebook Inc. (NASDAQ:FB) stock fell -1.73% and finished the last session at $57.22. The EPS of the stock remained 0.48. Company’s market capitalization is $139.35 billion.
Starbucks Canada and Twitter Inc (NYSE:TWTR) Canada announced a new e-gifting program known as “Tweet-a-Coffee” which will enable Canadian Twitter users to send Starbucks gift cards to their friends over the social networking service. Twitter Inc (NYSE:TWTR) shares closed at $57.05 on last trade day, by losing -3.78%. Stock 52 week range is $38.80 – $74.73. Company’s market capitalization is $503.93 billion.
As technology shifts from personal computers to smartphones and tablets, Apple Inc. (NASDAQ:AAPL) is expanding its reach into a lucrative customer base: companies. The popularity of the iPhone and iPad among employees is prompting corporate tech managers to rewrite policies and change traditional buying patterns. Apple Inc. (NASDAQ:AAPL) stock opened at $546.80 in last trading session, and closed at $536.52, trading in the range of $ 535.35 – 546.86. The stock showed a negative weekly performance of -3.00%.
BlackBerry Ltd. (NASDAQ: BBRY) seems to keep getting bumped up in valuation as CEO John Chen’s strategy is getting a better reception. Now the stock rating has been raised to Sector Perform from Underperform and the price target was raised to $10 from $6 at RBC Capital Markets. BlackBerry Ltd (NASDAQ:BBRY) stock opened at $8.65 in last trading session and closed at $8.72. The 52 week range of the stock is $5.44 – $18.32 and the day range was $8.42 – $8.74.
Tesla Motors Inc (NASDAQ:TSLA), Palo Alto, Calif., has been assigned a patent (8,618,775) developed by two co-inventors for the “[d]etection of over-current shorts in a battery pack using pattern recognition.” The co-inventors are Weston Arthur Hermann, Palo Alto, Calif., and Scott Ira Kohn, Redwood City, Calif. Tesla Motors Inc (NASDAQ:TSLA) stock -2.48% and finished the last session at $147.53. The EPS of the stock remained -1.36. Company’s market capitalization is $18.09 billion.
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