Facebook Inc (NASDAQ:FB) is probably not used to being rebuffed by a company that Mark Zuckerberg wants to acquire. After successful multi-billion dollar deals acquiring WhatsApp and Oculus VR, Facebook was intent on acquiring Snapchat. However, the $3 billion attempted takeover of Snapchat did not reach fruition last year. Since then, Facebook has been developing its own message app to compete with Snapchat. Facebook Inc. (NASDAQ:FB) net profit margin is 21.40% and weekly performance is 2.13%. On last trading day company shares ended up $60.49. Analysts mean target price for the company is $77.76. Facebook Inc. (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is -1.34%.
French bank Crédit Agricole SA (OTCMKTS:CRARY) said that first-quarter net profit was nearly doubled by tighter costs and lower provisions against bad loans as Europe’s economy slowly recovers. The Paris-based lender, France’s second-largest listed bank by assets, said net profit jumped to EUR868 million ($1.21 billion) in the three months to the end of March, from EUR469 million a year earlier. CREDIT AGRICOLE SA (OTCMKTS:CRARY) shares advanced 1.95% in last trading session and ended the day on $7.65.
The Wall Street Journal” reports that Yahoo Inc. (NASDAQ:YHOO) is close to finalizing an acquisition of video-streaming startup RayV Inc.to boost its web video technology. The paper says that an acquisition would be one of several web-video deals negotiated by Yahoo CEO Marissa Mayer in recent months to turn Yahoo’s video site, Screen, into a viable competitor to Google Inc. (Nasdaq: GOOG). Yahoo! Inc. (NASDAQ:YHOO) shares moved up 1.45% in last trading session and was closed at $34.36, while trading in range of $33.89 – $34.39. Yahoo! Inc. (NASDAQ:YHOO) year to date (YTD) performance is -15.03%.
MeetMe, Inc. (NASDAQ MEET), the public market leader for social discovery, has released on 15 may Icebreakers, a new feature for the MeetMe iPhone app that makes it easier for users to start a chat. MeetMe Inc. (NASDAQ:MEET) ended the last trading day at $1.90. Company weekly volatility is calculated as 10.14% and price to cash ratio as 12.65.MeetMe Inc. (NASDAQ:MEET) showed a negative weekly performance of -14.80%.
Twitter Inc (NYSE:TWTR) is looking into pairing with a music startup and it has its eyes specifically on Soundcloud, a German startup. Twitter Inc. (NYSE:TWTR) net profit margin is -93.70% and weekly performance is -3.35%. On last trading day company shares ended up $31.75. Analysts mean target price for the company is $44.17. Twitter Inc. (NYSE:TWTR) distance from 50-day simple moving average (SMA50) is -25.61%.