With Twitter and Yelp shares plummeting and Facebook set to report earnings, "Fast Money" traders looked at Internet stocks.» Read More
U.S. stocks closed higher on Thursday as investors awaited the key April jobs report and eyed easing in oil prices and bond yields.
The online business review company is considering a sale as its stock has struggled this year, according to reports.
Shares of Yelp halted, then resumed trading midday after a report came out the company was exploring a sale. CNBC's Bob Pisani reports on the wild day for the stock, and Josh Lipton looks at potential buyers.
*Alibaba jumps on better-than-expected revenue. *Yelp jumps on report it is exploring sale. Strong quarterly results from Alibaba as well as speculation that consumer review website Yelp.com could be for sale drove technology stocks higher, with the S&P tech index up 0.87 percent.
Shares of Yelp halted earlier after a report the company was exploring a sale. Rob Sanderson, MKM Partners, provides perspective.
Is YELP up for sale? Someone's been listening to Jim Cramer! Find out which players he thinks could have it in the cross-hairs.
May 7- Yelp Inc, the operator of consumer review website Yelp.com, is exploring a sale that could fetch more than $3.5 billion, the Wall Street Journal reported, citing people familiar with the matter. Yelp's shares rose as much as 16 percent on Thursday. Yelp, which went public in 2012, had a market value of about $2.86 billion as of Wednesday, according to Thomson...
May 7- Yelp Inc, the operator of consumer review website Yelp.com, is exploring a sale that could fetch more than $3.5 billion, the Wall Street Journal reported, citing people familiar with the matter. Yelp could not be immediately reached for comment. A deal isn't imminent, the paper cited one of the people as saying, and it's possible Yelp will decide against a sale.
Yelp is more than 10 percent higher after resuming for trading. CNBC's Dominic Chu and the "Power Lunch" crew discuss who could potentially buy the company.
Yelp shares have paused in trading, reports CNBC's Dominic Chu.
After huge drops in Twitter, LinkedIn, and Yelp, traders debate whether it's time to pack it in on the social names.
Two industry watchers disagreed over whether social media stocks' drubbing this week served as an opportunity or a warning sign.
May 1- U.S. stocks bounced back sharply on Friday as investors snapped up beaten-down shares in the healthcare and technology sectors, and as data gave further signs of a pickup in the economy. Apple provided the biggest boost to the major indexes, jumping 3 percent to $128.95 in its biggest daily percentage gain since January. The Nasdaq Biotech Index was up 2.9...
Social media stocks Twitter and LinkedIn are plunging. What does that mean for the billions pumped into pre-revenue start-ups?
Three social media companies' shares have dropped by nearly a quarter this week on disappointing outlooks. What's the story?
MEMLO PARK, Calif., April 30- In the 1980 s when Sony and Toshiba were setting the agenda in the global TV and memory chip markets Japan was bristling with confidence as a hub of technological innovation. Three decades later, with Japan's electronics industry in decline, Prime Minister Shinzo Abe has come to Silicon Valley- the first sitting Japanese leader to do so-...
April 30- U.S. stocks sold off on Thursday, led by a drop in the Nasdaq, as Apple shares declined and results in tech and biotech names disappointed. The Nasdaq biotech index dropped 3.1 percent, led by a 4.5 percent fall in Celgene, which reported lower-than-expected quarterly revenue. Apple was down 2.7 percent at $125.15 and was the biggest drag on the Dow, S&P 500...
And that kind of colored the statement more hawkish for the Fed, "said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. The Nasdaq biotech index dropped 3.2 percent, led by a 3.9 percent fall in Celgene, which reported lower-than-expected quarterly revenue. The company limited the availability of the Apple Watch after a key...
*Apple and Celgene weigh on Nasdaq, S&P 500. April 30- Wall Street was lower in midday trading on Thursday as Apple weighed on major indexes and investors digested a mixed batch of economic data. Apple fell as much as 2.5 percent to $125.45 and was the biggest drag on the Dow, S&P 500 and the Nasdaq.
*Apple and Celgene weigh on Nasdaq, S&P 500. April 30- Wall Street opened lower on Thursday as Apple weighed on the major indexes and Celgene led a fall in biotech stocks, more than offsetting encouraging economic data. The company limited availability of the Apple Watch after a key component supplied by a Chinese company was found to be defective, according to the...