Some of Wednesday's midday movers:» Read More
NEW YORK— Facebook's Internet.org project is taking another step toward its goal of bringing the Internet to people who are not yet online with an app launching Thursday in Zambia. The Internet.org app will give subscribers of Zambia's Airtel phone company access to a set of basic Internet services for free.
SAN FRANCISCO, July 31- Facebook Inc is launching a mobile app that gives users in Zambia free access to a handful of online services on mobile phones, broadening an effort to boost Internet usage in underdeveloped countries.
Apple Inc. fell. 2 percent to $98.15 with 19,307,000 shares traded. Cisco Systems Inc. fell. 4 percent to $25.60 with 12,686,700 shares traded. Facebook Inc. rose 1.6 percent to $74.88 with 23,281,300 shares traded.
July 30- The surge in Twitter Inc's shares has revived debate about whether the stock warrants a valuation that is five times that of Facebook Inc, its biggest rival in social media. Twitter reported on Tuesday that its active users jumped 24 percent to 271 million in the second quarter.
*Twitter rallies after blockbuster results. NEW YORK, July 30- U.S. stocks were flat on Wednesday, paring earlier gains as a strong read on second-quarter economic growth sparked concerns the Federal Reserve may adjust its stimulus earlier than expected.
*Twitter rallies after blockbuster results. *Biotechs rally on Amgen results, Regeneron trial data. Twitter Inc surged on heavy volume, jumping 25 percent to $48.25 in its biggest one-day advance ever after reporting that monthly active users had risen a better-than-expected 24 percent in the second quarter.
*Twitter rallies in premarket after blockbuster results. NEW YORK, July 30- U.S. stock index futures pointed to a higher open on Wednesday after the first read on second-quarter economic growth came in much stronger than expected, overshadowing a weak report on the labor market.
*Twitter rallies in premarket after blockbuster results. NEW YORK, July 30- U.S. stock index futures rose on Wednesday as investors sought bargains following a period of weakness and looked ahead to data on economic growth and comments from the Federal Reserve following its latest policy meeting. *Twitter Inc surged 27 percent to $49 in heavy premarket trading.
Twitter stock's jumped 30 percent after growth in its user base soothed concerns about its future, but some analysts remain skeptical.
SAN FRANCISCO, July 29- Facebook Inc will shut its 2- year-old Gifts shop on Aug. 12, as the world's largest social network tests other ways to let consumers buy products on its website. Facebook Gifts opened in 2012 as a way for users to buy gifts such as socks and teddy bears.
SAN FRANCISCO— Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago.
Twitter jumped sharply on Tuesday after the social media company easily topped earnings and revenue expectations.
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.
The new generation of Internet stocks couldn't be more different those in 1999, veteran industry watchers say.
The "Fast Money" traders share their final trades of the day.
The FMHR traders, and Zach Seward of Quartz, discuss whether Facebook or Twitter has more upside.
Are Facebook and Twitter just "apples and oranges?" Zach Seward of Quartz, shares his opinions, and the FMHR traders weigh in.
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.