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NEW YORK— Shares of LinkedIn Corp. jumped Thursday after the professional networking service reported a second-quarter loss but still topped analysts' expectations. LinkedIn posted a loss of $1 million, or 1 cent per share, compared with a profit of $3.7 million, or 3 cents per share, in the same quarter a year earlier.
July 31- Corporate networking site LinkedIn Corp forecast better-than-expected adjusted profit and revenue in the current quarter, helped by a rapid rise in its hiring business.
NEW YORK— Twitter said government requests for user data grew sharply in the past six months as more countries asked for a greater amount of information about users.
Apple Inc. fell 2.6 percent to $95.60 with 55,014,100 shares traded. BlackBerry Ltd. fell 3.9 percent to $9.33 with 24,706,500 shares traded. Cisco Systems Inc. fell 1.6 percent to $25.23 with 27,308,200 shares traded.
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, launching an app 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.
Some of Wednesday's midday movers:
Bankers and MBAs are increasingly moving into the tech sector—and tech companies are ready for them.
*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.
Snapchat is reported to be in talks with Alibaba and other investors for a round of financing that may value it at up to $10 billion.
Facebook is killing off the Gifts remainder that allowed people to order digital gift cards through the site. Re/Code reports.
*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.
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