Facebook Inc (NASDAQ:FB) announced that it was set to acquire mobile messaging application company WhatsApp for $19 billion. The $19 billion purchase price for WhatsApp did include $4 billion in cash, $12 billion worth of Facebook shares, and $3 billion in restricted stock unit grants to be awarded to WhatsApp founders and employees. Facebook Inc (NASDAQ:FB) stock opened at $70.19 in last session, and closed at $69.26, while the day range of stock is $68.85 – $71.22. The stock showed a positive weekly performance of 1.76%.
Twitter Inc (NYSE:TWTR) has finally done justice to Naoki Hiroshima, ending his harrowing tale on a happy note. Naoki, the creator of Cocoyon and Echofon apps, had (and now has) the coveted Twitter handle @N. At one point, he was offered a whopping $50,000 to sell this user name, which he had politely declined. Twitter Inc (NYSE:TWTR) stock opened at $55.00, in last session and closed at $55.87, by gaining 1.66%. The 52 week range of the stock is $38.80 – $74.73. Company’s market capitalization is $30.43 billion.
TheStreet Ratings team rates MEETME INC (NYSEMKT:MEET) as a “sell” with a ratings score of D. MeetMe Inc (NYSEMKT:MEET) finished the last session at $2.54. The EPS of the stock remained -0.34. Company’s market capitalization is $97.73 million.
LinkedIn Corp (NYSE:LNKD) is now aiming its bow for the rocky shoals that have claimed Facebook, Twitter, Google and even eBay: the Chinese market. On Monday, LinkedIn CEO Jeff Weiner announced the launch of LinkedIn’s Chinese-language site, still in beta, meaning it is a test edition subject to further improvement. LinkedIn Corp (NYSE:LNKD) stock opened the session at $216.69, and closed the session at $212.80. The 52 week range of the stock remained $155.00 – $257.56 and the day range was $211.02 – $217.49.
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