Facebook Inc. (NASDAQ:FB) is down 16% in the past month, LinkedIn is down 20%, Twitter down 27%. Google is estimated by Bloomberg to have fallen 11% since the end of February, taking into account its complex stock split earlier this month. Facebook Inc. (NASDAQ:FB) shares after opening at $59.97 moved to $60.01 on last trade day and at the end of the day closed at $57.71. Company price to sales ratio in past twelve months was calculated as 16.60 and price to cash ratio as 11.72. Facebook Inc. (NASDAQ:FB) showed a negative weekly performance of -2.09%.
The famous bird-logo social networking company purchased 1-billion-user MoPub, Inc., back in September 2013, but has also taken to video ads in its competition against Google and Facebook. Twitter Inc. (NYSE:TWTR) decision to purchase MoPub seven months ago had everything to do with mobile ads, seeing that Twitter aims to introduce ads to users when the company believes it will most benefit the user. Twitter Inc. (NYSE:TWTR) shares fell -7.16% in last trading session and ended the day on $41.61. TWTR return on equity ratio is recorded as -105.10% and its return on assets is -41.20%.
Two of the most valuable and famous companies in the world, Apple and Google Inc. (NASDAQ:GOOG) have been slapped with a class action suit filed in 2011 by tech workers. The suit represents around 64,000 personnel. After more than two years, it appears that Google and Apple have yielded as they have agreed to a settlement. The class action suit also lists Adobe Systems and Intel Inc. as defendants. Google Inc. (NASDAQ:GOOG) shares moved down -1.71% in last trading session and was closed at $516.18, while trading in range of $515.42 – $524.70. Google Inc. (NASDAQ:GOOG) year to date (YTD) performance is -7.57%.
LinkedIn Corp. (NYSE:LNKD) has expanded its Sponsored Updates, part of the Marketing Solutions segment, through the launch of two Certified Marketing Partner programs Sponsored Updates Partners and Content Partners. LinkedIn Corp (NYSE:LNKD) weekly performance is -9.83%. On last trading day company shares ended up $158.17. LinkedIn Corp (NYSE:LNKD) distance from 50-day simple moving average (SMA50) is -16.47%. Analysts mean target price for the company is $249.37.
Weibo Corp (ADR) (NASDAQ:WB) a leading social media platform for people to create, distribute and discover Chinese-language content, on 17 April announced that its initial public offering of 16,800,000 American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company, was priced at $17 per ADS. Weibo Corp (ADR) (NASDAQ:WB) shares after opening at $20.20 moved to $20.33 on last trade day and at the end of the day closed at $19.21. Company price to sales ratio in past twelve months was calculated as 21.15. Weibo Corp (ADR) (NASDAQ:WB) showed a negative weekly performance of -5.09%.
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