Facebook Inc (NASDAQ:FB), is soon buying Pryte, a mobile data company which allows smartphone users to download applications with temporary mobile data. Facebook Inc (NASDAQ:FB), net profit margin is 21.40% and weekly performance is -1.01%. On last trading day company shares ended up $63.19. Analysts mean target price for the company is $77.91. Facebook Inc (NASDAQ:FB), distance from 50-day simple moving average (SMA50) is 4.98%.
With messaging and social networking growing at an exponential growth, Twitter Inc (NYSE:TWTR), is expected to have nearly 400 million users of its messaging services. This number though is a bit changed because once the company estimated it to be 1 billion. The speculation suggests that this messaging service of TWTR will see an elevated growth in major developed markets in next 5 years which will mostly be Asia, Latin America and parts of Middle East. While it is expected that by 2018, its growth will decline steadily in the markets of Japan and the United States. Twitter Inc (NYSE:TWTR), advanced 3.01% in last trading session and ended the day on $33.89. TWTR, Gross Margin is 61.20% and its return on assets is -34.60%. Twitter Inc (NYSE:TWTR), quarterly performance is -38.19%.
On May 29, 2014, MeetMe Inc (NASDAQ:MEET), the public market leader for social discovery, has launched its Friend Suggestions feature on its iPhone application. The feature, previously available on the web platform, surfaces a “People You Might Like” section within Feed and Friends, with the goal of driving more friend requests, new friendships, and ultimately, new chat conversations. MeetMe Inc (NASDAQ:MEET), shares moved up 1.09% in last trading session and was closed at $1.85, while trading in range of $1.82 – 1.90. MeetMe Inc (NASDAQ:MEET), year to date (YTD) performance is 1.09%.
Yelp Inc (NYSE:YELP), CEO Jeremy Stoppelman sold 13,514 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $59.59, for a total value of $805,299.26. Yelp Inc (NYSE:YELP), ended the last trading day at $65.00. Company weekly volatility is calculated as 4.74% and price to cash ratio as 11.67. Yelp Inc (NYSE:YELP), showed a negative weekly performance of 5.19%.
Management of QED Connect, Inc. (OTCMKTS:QEDN), announced that the Board of Directors has approved a 40% reduction in its authorized shares. The Company will reduce the number of authorized common shares from 1,000,000,000 to 600,000,000. QED Connect, Inc. (OTCMKTS:QEDN), on last trading day company shares ended up $0.0355.
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