Social networking giant, Facebook Inc. (NASDAQ: FB) is all set to roll out its much talked about, search feature—the graph search, from Monday. Facebook, which launched its beta version about 6 months ago, said that the new feature will be available to all users in the U.S.
Continue reading Facebook Rolls Out “Graph Search” in the U.S. (FB)
One of the leading names in China’s online social networking platforms, Renren Inc, (NYSE: RENN) announced on Friday that its Board of Directors has approved a new share buyback program.
Social networking giant, Facebook Inc. (NASDAQ: FB) launched a video feature for its immensely popular, photo-sharing app, Instagram in its headquarters in Malone, California, on Thursday. Continue reading Facebook Unveils Video Feature for Instagram (FB)
Social networking giant, Facebook Inc. (NASDAQ: FB) has invited members of the press to visit the company’s headquarter at Menlo on Thursday as it wants them to “learn about their new product”. According to the market grapevine, Facebook’s new product could be a video feature in Instagram.
Continue reading Facebook Might Unveil Video Feature on Thursday: TechCrunch (FB)
Social networking giant, Facebook Inc. (NASDAQ: FB) held its first annual general meeting on Tuesday; and as expected its CEO Mark Zuckerberg had to face investors’ wrath. Most Facebook shareholders are not happy with the Stock’s disappointing performance thus far.
Continue reading Facebook CEO Face Investors’ Ire at First Annual General Meeting (FB)
Shares of Stellarone Corp. (NASDAQ: STEL) rallied about 16.35% by afternoon trade on Monday. The Company announced on Monday that it has agreed to be acquired by Union First Market Bankshares Corp in deal valued at about $445 million. According to the terms of the deal, Union First will offer one share against each share held in Stellarone, which translates into $19.50 or 20% premium over the closing stock price on Friday. The merger of Richmond Va. based Union First and Charlottesville Va. based Stellarone will result into a largest Virginia based community bank in term of deposits. The amalgamation will result into 146 branches, deposits worth $5.8 billion, loans worth $5.2 billion, and total assets are estimated to be at $7.1 billion.
Continue reading Major Movers on June 10; STEL, IHS, FB, RFMD, MCD
Social game maker, Zynga Inc. (NASDAQ: ZNGA) announced on Monday that it will slash another 520 jobs or about 18% of its total workforce as the embattled company looks to cut costs and bring a strategic shift by focusing more on mobile games.
Continue reading Zynga Expects Wider Q2 Loss, To Slash 520 More Jobs (ZNGA)
Last month, Pew Research Center’s study showed that the teenagers’ interest on Facebook Inc. (NASDAQ: FB) was fading. The research report said that teen Facebook users were sick of Friends posting “insane” details on their Walls, all the “drama” and unease over maintaining their image on the social networking platform. Continue reading Facebook’s Mobile User Engagement is Increasing Says comScore (FB)
Shares of Facebook Inc. (NASDAQ: FB) rallied after a pair of equity research firms raised their rating on the stock on Thursday.
Continue reading Major Movers on May 30; FB, FSLR, BIG, WFR, AVGO
In what would be a largest ever fine levied on the U.S. Stock Exchange, NASDAQ’s parent company, NASDAQ OMX Group Inc. (NASDAQ: NDAQ) has been asked to pay $10 million by the Securities and Exchange Commission (SEC) for a botched IPO of social networking giant Facebook (NASDAQ: FB).
Continue reading NASDAQ Fined $10 Million for Facebook IPO Mishandling (FB, NDAQ)