Investors are being cautious when it comes to social media companies, and the tech sector overall, given the recent earnings releases.» Read More
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. LinkedIn Corp., down $46.92 to $205.21. Daniel Loeb's Third Point hedge fund says it has taken a stake in the parent of KFC, Taco Bell and Pizza Hut and thinks it could soon recover from years of trouble in China.
Jack and Suzy Welch warn about social media
Social media stocks Twitter and LinkedIn are plunging. What does that mean for the billions pumped into pre-revenue start-ups?
LinkedIn's disappointing guidance is tied to the acquisition of lynda.com and fx and won't prevent growth, UBS' Eric Sheridan tells CNBC.
Three social media companies' shares have dropped by nearly a quarter this week on disappointing outlooks. What's the story?
Shares of LinkedIn fell 20 percent in early trading on Friday, wiping out more than $6 billion of market value.
Many have taken solace in a belief that if the private technology bubble bursts it will be contained to Silicon Valley. But that may not be the case.
Eric Sheridan, UBS analyst, discusses the current challenges LinkedIn faces and possible opportunity the company can grasp going forward.
CNBC's Julia Boorstin reports on LinkedIn's worst day ever as a public company and whether this is the start of a market correction in tech.
"It's an odd day in the markets," said Jack Ablin, chief investment officer at BMO Private Bank. The online travel company turned in sales that topped Wall Street's estimates, driving its stock up $7.46, or 8 percent, to $101.69. Charlie Smith, chief investment officer at Fort Pitt Capital Group, cautioned against reading too much into a day with light trading.
Some of the names on the move ahead of the open.
LinkedIn joins Twitter in post earnings tumble. CNBC's Morgan Brennan reports.
"Fast Money" traders discussed how to play LinkedIn's battering and FireEye's pop in post-earnings trading.
Take a look at some of Thursday's after-hours buzz: LinkedIn, AIG & more
April 30- LinkedIn Corp cut its full-year forecast as revenue growth in its hiring business slows, sending shares of the professional social network operator down 26 percent after the bell. It had earlier forecast earnings of $2.95 per share on revenue of $2.93 billion to $2.95 billion. The Mountain View, California- based company reported a net loss...
Traders are watching the iShares Nasdaq Biotechnology ETF for clues on whether a deeper stock market decline is on the horizon.
NEW YORK— Dumping social media stocks that show any sign of weakness is trending on Wall Street. Shares of LinkedIn Corp. plunged 21 percent in after-hours trading Thursday after the professional networking service gave a disappointing outlook for the second quarter, weighed in large part by its pending purchase of online learning company Lynda.com.
The average estimate of 22 analysts surveyed by Zacks Investment Research was also for earnings of 57 cents per share. Eighteen analysts surveyed by Zacks expected $637.5 million. Analysts surveyed by Zacks had expected revenue of $720.1 million.
April 30- Corporate networking site LinkedIn Corp reported a 34.8 percent rise in quarterly revenue, driven by strength in its hiring business. The company's net loss attributable to shareholders widened to $42.5 million, or 34 cents per share, in the first quarter ended March 31 from $13.4 million, or 11 cents per share, a year earlier. Revenue rose to $637.7...
LinkedIn is reporting EPS beat of $0.57 on revenue beat of $638 million, with CNBC's Julia Boorstin and FM trader Guy Adami. But the stock was hit on poor guidance.