Facebook Inc (NASDAQ:FB) first made a request for this plan to the city council and that request received a unanimous vote Tuesday night. For the city officials, the deal with Facebook Inc (NASDAQ:FB) provides a win-win situation for everyone in the community. Facebook Inc (NASDAQ:FB) stock opened at $71.08 in last session, and closed at $69.80, while the day range of FB stock is $69.47-71.18.The stock showed a positive weekly performance of 1.96%.
Baidu Inc (ADR) (NASDAQ:BIDU) already accounts for a majority of search engine queries in China. The e-commerce industry is growing at a very fast pace in China as youngsters are flocking to e-commerce portals to complete their purchases. Rise in disposable incomes, ease of purchase as well as paucity of time are among the main reasons for the surge. One of the hidden reasons is also the resurgence in sales of smartphones. It is estimated that mobile phone internet users increased by 19% last year to reach 500 million. Smartphones are increasingly changing the trend in shopping across the globe and this trend is also visible in China. It is estimated that the annual growth rate of online commerce is 60% in China as compared to 1% in the U.S. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened at $185.50, in last session and closed at $182.04, by loosed -1.41%.The 52 week range was $82.98-$189-34.Company’s market capitalization is $63.70 billion.
Twitter Inc (NYSE:TWTR) loss per share in 2013 amounted to $3.41 compared to a loss of $0.68 in 2012. (Source: Twitter, Inc., February 5, 2014.) But investors shouldn’t fear; in the last quarter of 2013, hedge funds got into the game and bought Twitter’s stock. Twitter Inc (NYSE:TWTR) stock loosed -2.37% and finished the last session at $53.3. The EPS of the stock remained -1.69.Company’s market capitalization is $29.16 billion.
Renren Inc. (NYSE: RENN), is a leading real-name social networking internet platform in China. In view of the unusual market activity in the Company’s American Depositary Shares (ADS) on Wednesday, March 5, 2014, the New York Stock Exchange has contacted the Company in accordance with its usual practice. The Company stated that its policy is not to comment on market rumors or otherwise speculate on unusual market activity. Renren Inc (NYSE:RENN) stock opened the session at $4.41, and closed the session at $4.21. The 52 week range of the RENN stock remained $2.52-$4.79 and the day range was $4.20-$4.47.