Facebook Inc. (NASDAQ:FB) is spending $19 billion to acquire messaging startup WhatsApp Inc. and $2 billion for virtual reality goggles-maker Oculus VR Inc., as well as a slew of startups. Facebook Inc. (NASDAQ:FB) net profit margin is 21.40% and weekly performance is 0.08%. On last trading day company shares ended up $64.34. Analysts mean target price for the company is $77.91. Facebook Inc. (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is 5.57%.
Twitter Inc. (NYSE:TWTR) has announced that it has acquired live video platform SnappyTV to enhance the Twitter Amplify program. Founded in 2010, SnappyTV is a cloud-based platform that allows users to edit and share clips from TV broadcasts. The SnappyTV platform is used by many brands. Some of Twitter’s media partners use Amplify to share video clips in real-time, which is a program that lets partners promote TV clips on the social media platform. The terms of the deal were undisclosed. Twitter Inc. (NYSE:TWTR) shares advanced 0.41% in last trading session and ended the day on $38.90. TWTR gross Margin is 61.20% and its return on assets is -34.60%.Twitter Inc. (NYSE:TWTR) quarterly performance is -22.39%.
Zynga Inc. (NASDAQ:ZNGA) said it’s recruiting new candidates to its board after Reid Hoffman and Jeffrey Katzenberg stepped down, putting the number of independent directors below the Nasdaq minimum. The departure of the two directors, first announced in April, leaves Zynga out of compliance with Nasdaq Stock Market rules requiring a majority of independent directors, the San Francisco-based company said in a June 13 regulatory filing. The company has until July 27 to submit a plan to Nasdaq outlining how it intends to regain compliance with the rule. Upon acceptance of the plan, the Nasdaq may give the company until Dec. 9 to comply, according to the filing. Zynga Inc. (NASDAQ:ZNGA) shares moved down -1.61% in last trading session and was closed at $3.06, while trading in range of $3.05 – $3.13. Zynga Inc. (NASDAQ:ZNGA) year to date (YTD) performance is -19.47%.
LinkedIn Corp (NYSE:LNKD) Director Reid Hoffman sold 67,369 shares of LinkedIn Corp stock in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $170.11, for a total value of $11,460,140.59. LinkedIn Corp (NYSE:LNKD) ended the last trading day at $166.99. Company weekly volatility is calculated as 2.78% and price to cash ratio as 8.82.LinkedIn Corp (NYSE:LNKD) showed a positive weekly performance of 1.49%.
Chinese social networking giant Renren Inc. (NYSE:RENN) on 28 May led the investment in Fundrise, joined by Collaborative Fund and a syndicate of angel investors including Silverstein Partners’ Marty Burger and Tal Kerre. Renren Inc. (NYSE:RENN) net profit margin is 73.60% and weekly performance is 0.91%. On last trading day company shares ended up $3.34. Analysts mean target price for the company is $2.78. Renren Inc. (NYSE:RENN) distance from 50-day simple moving average (SMA50) is 0.64%.
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