That’s not to say that Facebook Inc (NASDAQ:FB) messaging is going to stop any time soon despite the company acquiring WhatsApp for $19 billion in February. It simply means that those that are interested in continuing to use Facebook messaging will need to download its independent Facebook Messenger app. Facebook Inc (NASDAQ:FB) shares after opening at $63.08 moved to $63.18 on last trade day and at the end of the day closed at $59.16. Company price to sales ratio in past twelve months was calculated as 19.27 and price to cash ratio as 13.25. Facebook Inc (NASDAQ:FB) showed a negative weekly performance of -0.55%.
Renren Inc (NYSE:RENN) CEO Joseph Chen claims he is unfazed by the condition of the social network’s stock, despite it shedding almost 80% since its May 2011 IPO. “Building a company for long-term success, you’re going to have your own ups and downs,” Chen said. “We try consciously to let ourselves not be influenced by the stock price. We try to stay optimistic when the stock is high or low. Renren Inc (NYSE:REN) shares fell -2.08% in last trading session and ended the day on $3.30. RENN return on equity ratio is recorded as -5.20% and its return on assets is -4.70%. Renren Inc (NYSE:REN) yearly performance is 16.20%.
The public market leader for social discovery in the U.S. — MeetMe Inc (NYSEMKT:MEET) has decided to shift its stock trading to Nasdaq OMX Group Inc.’s. Nasdaq Global Capital Market from Apr 15 onwards. This leading social network is currently listed in New York Stock Exchange Market (NYSE MKT). MeetMe Inc (NYSEMKT:MEET) shares moved down 6.02% in last trading session and was closed at $3.12, while trading in range of $3.04-$3.44. MeetMe Inc (NYSEMKT:MEET) year to date performance is 70.49%.
In other Yelp Inc (NYSE:YELP) news, SVP Joseph Nachman sold 45,000 shares of the stock on the open market in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $65.90, for a total value of $2,965,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Yelp Inc (NYSE:YELP) weekly performance is -10.11%. On last trading day company shares ended up $63.47. Yelp Inc (NYSE:YELP) distance from 50-day simple moving average is -25.57%. Analysts mean target price for the company is $91.55.
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