According to news reports, professional networking website, LinkedIn Corp. (NYSE: LNKD) is close to acquiring Pulse, a news reading app, in deal estimated between $50 million and $100 million.
Continue reading LinkedIn to Acquire News Reading App, Pulse: Media Reports (LNKD)
A fresh lawsuit has been filed against social networking giant Facebook Inc. (NASDAQ: FB). A Facebook shareholder is seeking to hold the CEO and founder Mark Zuckerberg, directors and officers responsible for the botched initial public offering, and subsequent damages.
Continue reading Another Lawsuit Filed against Facebook (FB)
Daily deals site, Groupon Inc. (NASDAQ: GRPN) disappointed investors yet again as lower margins and rising sales and marketing costs in company’s new Groupon Goods business and decline in revenue from international markets weighed on the financials, prompting the Company to provide lower than expected revenue guidance on the current quarter.
Continue reading Groupon Shares Plunge after Q4 Results (GRPN)
Shares of embattled social-gaming company, Zynga Inc. (NASDAQ: ZNGA) rallied on Monday after the Company announced that it will slash another 1% of its workforce, shutter more offices to drive up the profitability. Meanwhile, the recent enacting of a law in Nevada which makes online betting legal in the state also helped the company to regain investors’ trust.
Although SINA Corp. (NASDAQ: SINA) reported that its fiscal fourth-quarter profit fell by 75% from the year-earlier quarter due to sluggish advertising revenue growth at its microblogging service Weibo and some investment decisions that went astray, shares climbed on Wednesday as results topped analysts’ estimations.
Continue reading SINA Corp.’s Q4 Results Beat Estimates (SINA)
A recent Securities and Exchange Commission filing (SEC) showed that Leon Cooperman’s Omega Advisors bought shares of Facebook Inc. (NASDAQ: FB) in the fourth quarter of 2012.
Continue reading Cooperman’s Omega Advisors Buys Facebook Shares (FB, AAPL, LVS, SD, SIRI, NYX)
Shares of Groupon Inc. (NASDAQ: GRPN) rallied on Wednesday after Sterne Agee upgraded the daily deal site’s stock to “buy” from “neutral” and set a price target of $9, citing belief in the company’s ability to expand its efforts especially in overseas markets along with mobile computing amid easing competition and attractive valuation.
Continue reading Groupon Rallies After Sterne Agee Upgrade (GRPN)
One of the very few bright spots in rather struggling social media and networking sector, LinkedIn Corp. (NYSE: LNKD) announced fiscal fourth-quarter results late on Thursday—and once again it did not fail to surprise the Wall Street. The Professional networking site, which was founded by former Paypal employees in 2002, comfortably beat analysts’ consensus estimate—for the seventh time in a row.
Continue reading LinkedIn Continues to Surprise the Street, Gives Upbeat Outlook (LNKD)
Despite Yelp Inc.’s (NYSE : YELP) revenue in the fiscal fourth quarter jumped 65 percent, shares fell almost 3 percent in aftermarket trading on Wednesday as online directory services provider’s marketing costs leaped 59 percent leading to higher-than-expected losses.
Continue reading Yelp Q4 Revenue Beats Forecast, But Rising Marketing Costs Undermine Profits
Social online game provider, Zynga Inc. (NASDAQ: ZNGA) trimmed losses in the fiscal fourth quarter as the beleaguered company resorted to massive cost cutting measures such as shutting down of offices, slashing workforces and taking off poorly performing titles.
Continue reading Zynga Narrows Q4 Losses, Shares Rally in Aftermarket Hours (ZNGA)