MeetMe, Inc. (NASDAQ:MEET) the public market leader for social discovery, has launched its Friend Suggestions feature on its iPhone application. The feature, previously available on the web platform, surfaces a “People You Might Like” section within Feed and Friends, with the goal of driving more friend requests, new friendships, and ultimately, new chat conversations. MeetMe Inc (NASDAQ:MEET) net profit margin is -16.60% and weekly performance is 0.51%. On last trading day company shares ended up $1.99. Analysts mean target price for the company is $4.75. MeetMe Inc (NASDAQ:MEET) distance from 50-day simple moving average (SMA50) is -27.72%.
On May 28, HSBC upgraded shares of Youku Tudou Inc (NASDAQ:YOKU) from an underweight rating to a neutral rating in a research report released on Tuesday morning, TheFlyOnTheWall.com reports. HSBC currently has $22.00 price objective on the stock. Youku Tudou Inc (ADR) (NYSE:YOKU) shares fell -2.21% in last trading session and ended the day on $19.07. Gross Margin is 17.90% and its return on assets is -5.40%. Youku Tudou Inc (ADR) (NYSE:YOKU) quarterly performance is -43.78%.
Yandex NV (NASDAQ:YNDX) one of Europe’s largest internet companies and the leading search provider in Russia, and Moscow Exchange jointly announce that Yandex has received approval for listing of its Class A shares (the “Shares”) in the Listing A Level 1, top quotation list on Moscow Exchange. Trading of Yandex Shares on Moscow Exchange is expected to commence on June 4, 2014 under symbol “YNDX”. Quotation and settlement of the Shares will be in Russian rubles. Yandex Shares will also continue to trade on the NASDAQ Global Select Market. Yandex NV (NASDAQ:YNDX) shares moved up 1.70% in last trading session and was closed at $31.67, while trading in range of $30.53 – $31.77. Yandex NV (NASDAQ:YNDX) year to date (YTD) performance is -26.60%.
Tencent Holdings Ltd. (OTCMKTS:TCTZD) allowed users of its WeChat instant-messaging app to sell goods online, bringing Asia’s largest Internet company into closer competition with China’s e-commerce giant Alibaba Group Holding Ltd. Tencent Holdings Ltd (OTCMKTS:TCTZD) ended the last trading day at $14.27 .
TranSwitch Corp (OTCMKTS:TXCCQ) On last trading day company shares ended up $0.0084.