Sohu.com Inc. (NASDAQ:SOHU) Changyou “plans to transfer or lay off nearly 120 employees” in its PC gaming unit, Marbridge Consulting reports. The employees will reportedly be either laid off or transferred to Changyou’s mobile gaming unit.The report comes after the Sohu subsidiary reported a 2% Y/Y drop in online gaming revenue (accounted for 45% of Sohu’s total revenue), and also provided soft Q2 guidance caused in part by heavy spending. Sohu.com Inc. (NASDAQ:SOHU) net profit margin is -8.10% and weekly performance is 2.55%. On last trading day company shares ended up $59.45. Analysts mean target price for the company is $70.41. Sohu.com Inc. (NASDAQ:SOHU) distance from 50-day simple moving average (SMA50) is -3.64%.
Youku Tudou Inc (NASDAQ:YOKU)’s stock had its “buy” rating reiterated by research analysts at ING in a report released on Friday. Youku Tudou Inc. (ADR) (NYSE:YOKU) shares fell -0.44% in last trading session and ended the day on $20.31. YOKU gross Margin is 17.90% and its return on assets is -5.40%.Youku Tudou Inc. (ADR) (NYSE:YOKU) quarterly performance is -33.12%.
YY Inc. (ADR) (NASDAQ:YY) very impressive revenue growth greatly exceeded the industry average of 21.3%. Since the same quarter one year prior, revenues leaped by 136.9%. Growth in the company’s revenue appears to have helped boost the earnings per share. YY Inc. (ADR) (NASDAQ:YY) shares moved up 1.83% in last trading session and was closed at $63.37, while trading in range of $60.02 – $63.65. YY Inc. (ADR) (NASDAQ:YY) year to date (YTD) performance is 26.03%.
Yandex NV (NASDAQ:YNDX), Russia’s top search engine with 62 percent of the market and its stock traded on the NASDAQ in the U.S., said Russians can choose the service they use. Yandex NV (NASDAQ:YNDX) ended the last trading day at $32.21. Company weekly volatility is calculated as 3.01% and price to cash ratio as 14.08.Yandex NV (NASDAQ:YNDX) showed a positive weekly performance of 7.26%.
Cannabis Capital Corp. (OTCBB:CBCA) is an emerging global firm specializing in incubator type business development, high tech pharmaceutical development, and medical technology. The Company is proud to announce that its subsidiary, WebCongress, Inc., will be hosting the Google I/O Extended Event in Miami, Florida, June 25-26, 2014 through via livestream from Moscone Center in San Francisco. On last trading day company shares ended up $17.70.