Sina Corp. (NASDAQ:SINA), a popular Chinese Internet portal operator, says regulators have fined it $815,000 for allowing “unhealthy and indecent content” on its websites. The penalties against Sina come amid an official crackdown that also has resulted in some microblogs being shut down and some Internet users punished on charges of spreading rumors. SINA Corp (NASDAQ:SINA) shares after opening at $47.47 moved to $47.88 on last trade day and at the end of the day closed at $47.40 . Company price to sales ratio in past twelve months was calculated as 4.71 and price to cash ratio as 1.67. SINA Corp (NASDAQ:SINA) showed a negative weekly performance of -0.84%.
Millennial Media, Inc. (NYSE:MM) the leading independent mobile advertising platform company, reported financial results for the first quarter ended March 31, 2014. For the first quarter of 2014, revenue increased to $72.6 million from $49.4 million on a GAAP basis, a year over year increase of 46.9%. Revenue increased from $64.6 million on a pro forma combined basis, a year over year increase of 12.4%. Pro forma combined revenue is calculated as the sum of Millennial Media and Jumptap revenue for the entire first quarter of last year. Millennial Media, Inc. (NYSE:MM) shares fell -6.79% in last trading session and ended the day on $ 5.35. SINA return on equity ratio is recorded as -9.20% and its return on assets is -7.30%. Millennial Media, Inc. (NYSE:MM) yearly performance is -26.71%.
LinkedIn Corp (NYSE:LNKD) and a developer have submitted proposals to city officials for multiple office buildings in Mountain View where the technology giant could employ up to 13,000 new workers, according to proposals submitted to city officials. The buildings could total 2.6 million square feet, according to separate letters sent to city officials that sketched out the preliminary details of the office projects. That much square footage typically could accommodate 10,000 to 13,000 employees. LinkedIn Corp (NYSE:LNKD) shares moved up 0.73% in last trading session and was closed at $143.37 while trading in range of $136.02 – $143.76 – LinkedIn Corp (NYSE:LNKD) year to date (YTD) performance is -33.88%.
Molycorp, Inc. (NYSE:MCP) issued a press release announcing financial results for its first quarter 2014. Molycorp Inc (NYSE:MCP) weekly performance is -6.86%. On last trading day company shares ended up $4.55. Molycorp Inc (NYSE:MCP) distance from 50-day simple moving average (SMA50) is -4.21%. Analysts mean target price for the company is $6.58.
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