Facebook Inc. (NASDAQ:FB) is taking steps to open a sales office in China to work with local advertisers, according to people with knowledge of the matter, in a move that would put the social network’s employees in the country for the first time, even as its service remains censored there. Facebook Inc. (NASDAQ:FB) stock opened today at $59.53 and is currently trading at $59.93. The stock showed a positive weekly performance of 2.22%.
Equities research analysts at Jefferies Group dropped their price objective on shares of Demand Media (NYSE:DMD) from $5.00 to $4.50 in a research note issued to investors on Friday, Stock Ratings Network.com reports. Jefferies Group’s price objective would indicate a potential upside of 20.00% from the stock’s previous close. Demand Media Inc. (NYSE:DMD) stock opened at $3.91, in current trading session and currently is at $3.85, by losing -2.04%. The 52 week range of $3.62 – $9.75. Company’s market capitalization is 350.66 million.
WebMD Health Corp. (NASDAQ:WBMD), the leading source of health information, announced that consumers, after suffering through a “Polar Vortex” that brought record snowfall and disruption to cities across the U.S., are in for an intense allergy season as a result of the “Pollen Vortex” currently affecting the nation. WebMD Health Corp. (NASDAQ:WBMD) stock is currently trading at $41.80. The EPS of the stock is 0.52. Company’s market capitalization is 1.64 billion.
MeetMe (NASDAQ:MEET) announced its earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.06, AnalystRatingsNetwork.com reports. The company had revenue of $9.50 million for the quarter, compared to the consensus estimate of $9.38 million. MeetMe Inc. (NASDAQ:MEET) stock opened the session at $2.25, and now is at $2.30. The 52 week range of the MeetMe Inc. (NASDAQ:MEET) stock remained $1.07 – $4.39 and the day range was $2.23 – $2.40.
Twitter (NYSE:TWTR) was upgraded by research analysts at Pivotal Research from a “sell” rating to a “hold” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $34.00 price target on the stock. Twitter Inc. (NYSE:TWTR) stock is currently trading at $33.27. The EPS of the stock is -1.87. Company’s market capitalization is 19.61 billion.