Facebook Inc (NASDAQ:FB) acquired a fitness app company called Moves a few weeks ago. The Moves app was created by a small Finland-based activity tracking startup called ProtoGeo. This acquisition gives Facebook the opportunity to compete against other fitness technology apps like FitBit and Runkeeper. After the acquisition, Moves said that its users would not have to worry about Facebook accessing their personal data. That promise ended up being short-lived. Facebook Inc (NASDAQ:FB) shares after opening at $60.98 moved to $61.15 on last trade day and at the end of the day closed at $58.53
eGain Corp (NASDAQ:EGAN) announced its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.02, AnalystRatings.Net reports. The company had revenue of $18.00 million for the quarter, compared to the consensus estimate of $17.87 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. eGain Corp (NASDAQ:EGAN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, Stock Ratings Network reports. The firm currently has a $6.70 price objective on the stock. eGain Corp (NASDAQ:EGAN) shares fell -7.37% in last trading session and ended the day on $6.16 .
Sprint Corporation (NYSE:S) and Spotify have struck a deal that will be beneficial for both the companies. Spotify is a streaming music company, which offers a huge amount of songs free and by subscription. The deal will give Sprint Corporation’s customers in the United States free access to the paid version of Spotify; the customers can use a paid service up to six months, and further discount will be offer who wishes to continue the services. Sprint Corporation (NYSE:S) shares moved down -0.91% in last trading session and was closed at $8.68 while trading in range of $8.66 – $8.79 –
China’s Baidu Inc (ADR) (NASDAQ:BIDU) is bringing its technology to smart devices, including household appliances. The new project, “Baidu Inside”, offers hardware vendors access to Baidu’s technologies in cloud storage, voice assistants, facial recognition, mapping, and more. Baidu Inc (ADR) (NASDAQ:BIDU) On last trading day company shares ended up $157.83