Twitter Inc. (NYSE:TWTR) has been through a roller-coaster ride in FY 2014. The recent happenings have added a spark to the tale, presumably. Ali Rowghani, the COO of TWTR, resigned amidst dissidences, conflict of interests and struggles over responsibilities. Rowghani, 41, was keen on controlling TWTR’s product vision and foster corporate development; however, the COO had a series of cold clashes with the CEO, Dick Costolo. The latter wanted to hear the nitty gritty about how each function was being coordinated; in brevity, he asked the COO to report to him! Twitter Inc. (NYSE:TWTR) net profit margin is -93.70% and weekly performance is 10.30%. On last trading day company shares ended up $38.02. Analysts mean target price for the company is $43.73. Twitter Inc. (NYSE:TWTR) distance from 50-day simple moving average (SMA50) is 2.29%.
TheStreet downgraded shares of MeetMe Inc. (NASDAQ:MEET) from a hold rating to a sell rating in a report issued on Tuesday. MeetMe Inc. (NASDAQ:MEET) shares advanced 1.54% in last trading session and ended the day on $1.98. MEET return on assets is -7.30%.MeetMe Inc. (NASDAQ:MEET) quarterly performance is -42.27%.
Yelp Inc. (NASDAQ:YELP) CEO Jeremy Stoppelman sold 13,514 shares of Yelp stock on the open market in a transaction dated Thursday, June 12th. The shares were sold at an average price of $65.74, for a total transaction of $888,410.36. Yelp Inc. (NYSE:YELP) shares moved down -1.92% in last trading session and was closed at $73.48, while trading in range of $71.63 – $74.20. Yelp Inc. (NYSE:YELP) year to date (YTD) performance is 6.57%.
Microblogging service Weibo Corp. (ADR) (NASDAQ:WB) will likely remain unprofitable this year, its chief executive said, as the Chinese company increases investments to acquire new users. Weibo, which means microblog in Chinese, works much like Twitter, allowing users to send brief public messages to followers, who can comment on or repost them. It was started in 2009 and attracted large numbers of users as it became a virtual town square. Weibo Corp (ADR) (NASDAQ:WB) ended the last trading day at $19.31. Company weekly volatility is calculated as 5.84% and price to cash ratio as 7.85.Weibo Corp (ADR) (NASDAQ:WB) showed a positive weekly performance of 3.54%.
Renren Inc. (NYSE:RENN) announced on 21 may, Total net revenues were US$24.9 million, a 39.9% decrease from the corresponding period in 2013. Renren net revenues were US$12.2 million, a 17.3% decrease from the corresponding period in 2013. Games net revenues were US$12.7 million, a 52.5% decrease from the corresponding period in 2013. Renren Inc. (NYSE:RENN) net profit margin is 73.60% and weekly performance is -1.50%. On last trading day company shares ended up $3.29. Analysts mean target price for the company is $2.78. Renren Inc. (NYSE:RENN) distance from 50-day simple moving average (SMA50) is -0.80%.