When Facebook Inc (NASDAQ:FB) revealed it plans to acquire Oculus VR, Oculus’ Kickstarter funders were furious, for obvious reasons. Now another company which is trying to raise money through the crowd-funding site promises to give back any funds they raise of the social network buys their company for $2 billion. Facebook Inc (NASDAQ:FB) stock opened today at $57.64 and is currently trading at $58.04. The stock showed a negative weekly performance of -5.46%.
Intel corporation (NASDAQ: INTC), the behemoth in manufacturing of chipset is now going to launch their new product SoFiA, a dual-core 3G system-on-a-chip with integrated baseband. The California based giant is preparing to launch the product in the last quarter of the current year. According to the CEO of Intel Corporation (NASDAQ:INTC), SoFiA is going to revolutionize the smartphone world. Intel Corporation (NASDAQ:INTC) stock opened at $26.36, in current trading session and currently is at $26.44, by loosing -0.13%.The 52 week range of $20.80-27.12. Company’s market capitalization is $131.87 billion.
Micron reported a stronger than expected fiscal second quarter, with revenues of $4.11 billion generating a profit of $731 million, which works out to 61 cents a share. This may be a drop in the bucket by Intel Corporation (NASDAQ:INTC) standards, but as far as Micron is concerned, it’s a huge year-on-year rebound. Micron Technology, Inc. (NASDAQ:MU) stock is currently trading at $22.21 .The EPS of the stock is 2.41. Company’s market capitalization is $23.52 billion.
Billionaire Stephen A. Cohen, who leads investment firm SAC Capital Advisors, announced last month that he was increasing his stake in popular game maker Zynga Inc. (NASDAQ:ZNGA)’s shares. This move by him will see his overall shares in the gaming company, increase to 5.3%. Zynga Inc (NASDAQ:ZNGA) stock opened the session at $4.26, and now is at $4.30. The 52 week range of the ZNGA stock remained $2.50-$5.89 and the day range was $4.24-$4.33.
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