Facebook Inc. (NASDAQ:FB) acquired mobile messaging startup WhatsApp for US$19bil and Japanese ecommerce company Rakuten Inc bought Viber for US$900mil. Facebook Inc. (NASDAQ:FB) net profit margin is 21.40% and weekly performance is 5.74%. On last trading day company shares ended up $61.35. Analysts mean target price for the company is $77.91. Facebook Inc. (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is 0.72%.
Equities research analysts at Jefferies Group boosted their target price on shares of Renren (NASDAQ:RENN) from $2.70 to $2.85 in a research note issued to investors on Thursday. Jefferies Group’s target price indicates a potential downside of 16.42% from the stock’s previous close. Renren Inc. (NYSE:RENN) shares advanced 3.96% in last trading session and ended the day on $3.41. RENN gross Margin is 56.20% and its return on assets is 5.00%.Renren Inc. (NYSE:RENN) quarterly performance is -3.12%.
Weibo Corp (ADR) (NASDAQ:WB) the micro-blogging website based out of China, on 23 may has reported more than double net loss in 1Q, 2014. As per the company this was due to increased spending in new efforts to attract new users. The total loss reported for the first three months of the year was $47.4 million against $19.2 million. On the other hand, the company has managed to increase the number of users who are active daily by 37% in the same period. Weibo Corp (ADR) (NASDAQ:WB) shares moved up 0.11% in last trading session and was closed at $18.07, while trading in range of $18.01 – $18.49. Weibo Corp (ADR) (NASDAQ:WB) year to date (YTD) performance is -10.72%.
Baidu Inc (ADR) (NASDAQ:BIDU) has found the man to run its new AI lab in Silicon Valley.
China’s top search engine Baidu have found a new man to run its artificial intelligence research labs in Sunnyvale and Beijing. The company has hired Andrew Ng, who was Google Inc (NASDAQ:GOOGL)’s former artificial intelligence (AI) chief. Baidu Inc. (ADR) (NASDAQ:BIDU) ended the last trading day at $167.63. Company weekly volatility is calculated as 3.10% and price to cash ratio as 9.23.Baidu Inc. (ADR) (NASDAQ:BIDU) showed a positive weekly performance of 8.31%.
Fujitsu Limited (ADR) (OTCMKTS:FJTSY) on 24 may has announced the release of its Approaching Object Detection Library software, which is designed for use with the company’s system-on-chips (SoC) to visualize information from vehicle-mounted cameras to detect people, vehicles, and other nearby objects. On last trading day company shares ended up $33.23.
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