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Investors misunderstood comments from Facebook CFO David Wehner about slower revenue growth in the rest of 2015, Gene Munster said.
NEW YORK, July 30- The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The arrival of Apple Inc, Facebook Inc and Google Inc over the past decade has...
“Mad Money” host Jim Cramer on what’s really eating Whole Foods.
NEW YORK, July 29- A former employee of a major Silicon Valley law firm was sentenced to two years in prison on Wednesday for illegally trading ahead of mergers that were underway at the firm. Braverman, an immigrant from Ukraine who lives in San Mateo, California, in court apologized for his conduct while employed in Wilson Sonsini Goodrich& Rosati's information...
Jim Cramer says Twitter & Yelp totally bombed the quarter, and it's their own darned fault.
July 29- Selling itself could be one of the few options left for Yelp Inc, which is struggling to win advertising dollars in an increasingly crowded market that already includes Google Inc, TripAdvisor Inc and GrubHub Inc.. Yelp, owner of consumer review website Yelp.com, reported a second-quarter loss on Tuesday and forecast revenue for the current quarter...
NEW YORK— Facebook is attracting advertising dollars to where its users are— on mobile devices. The world's largest online social network surpassed expectations on all fronts in the second quarter. "Once again Facebook has proven its ability to attract and retain users," said Forrester Research analyst Nate Elliott.
July 29- Facebook Inc reported a 9 percent fall in quarterly profit as it spent heavily to boost mobile revenue and develop products such as messaging service WhatsApp, photo-sharing app Instagram and virtual reality headset maker Oculus Rift. Facebook's total costs and expenses jumped 82 percent to $2.77 billion in the three months ended June 30.
Alibaba will invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com's lucrative Web Services division.
July 29- Twitter Inc interim CEO Jack Dorsey's harsh criticism of the company's efforts to woo new users may just be the first step to addressing its long-standing problems. At least 19 brokerages cut their price target on Twitter to as low as $30- 18 percent lower than the stock's Tuesday's close of $36.54. That number pales in comparison to Facebook Inc's 1.4...
Google has added a new feature for the time pressed.
Yahoo will be unrolling a new app that seeks to make video calling as private as texting.
Zazzle, an e-commerce company that's stayed under the radar in hype-happy Silicon Valley, is finally divulging its numbers. And they're impressive.
Options traders are betting on big moves for Facebook ahead of earnings.
July 29- Twitter Inc interim CEO Jack Dorsey's criticism of the company's efforts to woo new users may just be the first step to address its long-standing problems. To generate long-term earnings growth and satisfy investors, Twitter needs to broaden its portfolio and create an ecosystem of products similar to that of Google Inc and Facebook Inc..
Neil Doshi of Mizuho Securities USA points to three key things to watch when Facebook reports earnings Wednesday.
July 29- Microsoft Corp launched its much-awaited Windows 10 operating system at midnight on Wednesday. "There are massive headwinds in Microsoft's bread-and-butter PC business, making it crucial that the Windows 10 cloud approach opens up new growth avenues for the Windows business," FBR Capital Markets analyst Daniel Ives wrote in a note on Monday.
With Facebook reporting earnings Wednesday, some traders are expecting the stock to make a massive move.
Despite reporting robust second-quarter earnings last week, the value of Apple shares quickly plunged and have struggled to regain momentum.
July 28- Twitter Inc's shares fell more than 11 percent in extended trade on Tuesday after the microblogging company said its number of monthly average users grew at the slowest pace since it went public in 2013.. "This is unacceptable and we're not happy about it," Jack Dorsey, who stepped in as interim chief executive on July 1, said on a call with analysts.