Facebook Inc. (NASDAQ:FB) rolled out a new service that it envisions will distribute ads across a network of mobile applications, opening the door to a new source of revenue for the Internet social network. The service, which the world’s No. 1 social network has been working on for some time, allows mobile-app makers to insert various types of ads within their software, with Facebook sharing advertising dollars with the developers. Facebook Inc. (NASDAQ:FB) shares after opening at $57.58 moved to $59.85 on last trade day and at the end of the day closed at $59.78. Company price to sales ratio in past twelve months was calculated as 17.19 and price to cash ratio as 12.14. Facebook Inc. (NASDAQ:FB) showed a negative weekly performance of -2.57%.
Twitter Inc. (NYSE:TWTR) has said it is focusing on expanding its audience and encouraging people who do use its service to use it more often. But the San Francisco Company has not been expanding its user base as quickly as its investors would like. Twitter Inc. (NYSE:TWTR) shares fell -8.56% in last trading session and ended the day on $38.97. TWTR return on equity ratio is recorded as -105.10% and its return on assets is -41.20%.
Zynga Inc. (NASDAQ:ZNGA) on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Software industry. The net income has significantly decreased by 1580.3% when compared to the same quarter one year ago, falling from $4.13 million to -$61.18 million. Zynga Inc. (NASDAQ:ZNGA) shares moved up 2.53% in last trading session and was closed at $4.05, while trading in range of $3.84 – $4.05. Zynga Inc. (NASDAQ:ZNGA) year to date (YTD) performance is 6.58%.
LinkedIn Corp. (NYSE:LNKD) is set to report FQ1 2014 earnings after the market closes on Thursday, May 1st. LinkedIn is the largest social network designed specifically for professionals and networking. LinkedIn Corp (NYSE:LNKD) weekly performance is -12.66%. On last trading day company shares ended up $153.47. LinkedIn Corp (NYSE:LNKD) distance from 50-day simple moving average (SMA50) is -18.00%. Analysts mean target price for the company is $249.37.
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