Twitter Inc (NYSE:TWTR) paid $36 million to acquire 900 patents from International Business Machines Corp. (IBM), according to a filing on Mar. 7. The agreement resolved a dispute that prompted IBM to write to Twitter about possible infringement of at least three patents. Twitter Inc (NYSE:TWTR) stock opened today at $50.80 and is currently trading at $51.07. The stock showed a negative weekly performance of -5.35%.
Zynga Inc (NASDAQ:ZNGA) is making a kingdom of cash from its Facebook fan base, said so a 10-K filing submitted yesterday. However, it may not be as good a news as it sounds, in that too much reliance on Facebook Inc (NASDAQ:FB)’s SocialNet is synonymous to putting all the eggs in the same basket. The game maker has been trying to move away from stagnant waters but the pace is too slow. Facebook Inc (NASDAQ:FB) stock opened at $69.17, in current trading session and currently is at $68.12, by loosed -1.55%.The 52 week range of $22.67-$72.59.Company’s market capitalization is $173.48 billion.
The Supreme Court in India rejected the appeal of Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) to overturn the ruling of a lower court, which required the Finnish company to pay millions of dollars before it can transfer its mobile device factory and other assets in the country to Microsoft Corporation (NASDAQ:MSFT).Nokia Corporation (ADR) (NYSE:NOK) stock is currently trading at $7.60 .The EPS of the stock is -0.15. Company’s market capitalization is $28.21 billion.
We’ve heard Zynga Inc (NASDAQ:ZNGA) called all sorts of things since its initial public offering, but this one is certainly interesting. Wedbush analysts increased their price target for the company after saying they see “several parallels” between Zynga and Amazon.com, Inc. (NASDAQ:AMZN) earlier in its history.Zynga Inc (NASDAQ:ZNGA) stock opened the session at $5.31, and now is at $5.20. The 52 week range of the ZNGA stock remained $2.50-$5.89 and the day range was $5.16-$5.38.
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