Twitter jumped sharply on Tuesday after the social media company easily topped earnings and revenue expectations.» Read More
SAN FRANCISCO, July 29- Twitter Inc's monthly active users rose a better-than-expected 24 percent in the second quarter as the online messaging service mostly succeeded in stemming a dwindling pace of growth, sending its shares soaring almost 30 percent after hours.
NEW YORK, July 29- With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix. Netflix, along with Gilead Sciences and several other stocks famous for their sharp gyrations, were unusually calm following their latest quarterly reports.
FedEx hired attorneys who represented Barry Bonds to defend against charges that it knowingly shipped packages from illegal pharmacies.
After testing the strategy in Europe, Facebook said that the rest of world will also have to switch very soon. NBC News reports.
OkCupid, the online dating site, purposely mismatched users to test its technology and the effect of telling people their compatibility.
SAN FRANCISCO, July 28- FedEx Corp has hired some of the hard-hitting attorneys who represented home run slugger Barry Bonds to defend against criminal allegations that FedEx knowingly shipped packages from illegal online pharmacies. Cristina Arguedas and Allen Ruby were retained by FedEx last week, according to court records.
SAN FRANCISCO, July 28- OkCupid, a top U.S. matchmaking website, intentionally mismatched users to test its technology, the IAC/InterActive Corp service said on Monday, weeks after Facebook Inc admitted to misleading users in a psychological study. "When we tell people they are a good match, they act as if they are," co-founder Christian Rudder wrote in a blog post.
With Twitter at $38, Cramer says earnings will speak volumes to the Street. But you have to know what to listen for.
Twitter will face some tough scrutiny from investors when it reports earnings after the bell on Tuesday.
SAN FRANCISCO, July 28- OkCupid, a top U.S. matchmaking website, regularly mismatches users to test its technology, the IAC/InterActive Corp service revealed on Monday, weeks after Facebook Inc admitted to misleading users in a psychological study. "When we tell people they are a good match, they act as if they are," co-founder Christian Rudder wrote in a blog post.
Henry Blodget and Steve Milunovich say history is not repeating itself when it comes to tech stocks' valuations.
David Seaburg, Cowen & Company, and Chris Dessi, Silverback Social, debate the play Twitter. Seaburg says user growth is decelerating and does not have the motorization means that Facebook does.
It seems few investors are getting behind Twitter's stock as the micro-blogging company readies to report earnings Tuesday.
Apple Inc. rose 1.4 percent to $99.02 with 52,754,400 shares traded. Applied Materials Inc. rose. 6 percent to $21.36 with 18,488,300 shares traded. Cisco Systems Inc. fell. 2 percent to $25.92 with 27,283,500 shares traded.
In the technology world, no question comes up more frequently these days than "Are we in a bubble?"
Many so-called momentum stocks have rebounded as economic data have been mixed and volatility remained low. Financial Times reports.
Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to produce earnings or revenue that exceeded analysts' projections in their latest quarters. Century-old companies such as Coca-Cola Co. and Ford Motor Co. also are hoping to make more money in countries including China and India.
U.S. stocks finished lower on Friday weighed by Amazon's weak earnings and Visa's lowered outlook, in addition to ongoing geopolitical concerns.
*Facebook says SEC recommends no enforcement action. In its quarterly report filed on Thursday, Facebook said the regulator in May "notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC."
Stop bashing Wall Street for a hot second and think about what smaller bonuses REALLY means, says former trader Raj Mahal.