On Tuesday, Interpublic Group of Companies, Inc. (NYSE:IPG) decaled that the investment it made in the social network in 2006 is no longer strategic in nature. It sold its residual investment in Facebook Inc. (NASDAQ:FB) for net cash proceeds of $95M,. CEO of Interpublic, Michael I. Roth articulated that the firm’s investment had increased significantly […]
Apple (NASDAQ:AAPL) Shares jumped 7%; Analyst Selloff Recommendation – AAPL, DELL, FB, INTC, MSFT
Shares of Apple Inc. (NASDAQ:AAPL) surged around 7 percent, to closed at $565.73 on Monday. Topeka Capital Markets forecaster Brian White declared in a research note that the current selloff in Apple’s stock over the previous eight weeks has gotten to the point of being insanely insane. As the White stated that investors are forgetting […]
Groupon (NASDAQ:GRPN) Declares Israeli Website Hack after Gaza Attack – GRPN, FB, YHOO, ZNGA, BIDU
Shares of Groupon Inc (NASDAQ:GRPN) surged more than 4% on Monday after it declared that its Israeli Web site, groupon.il, was compromised by a political hackers group who hacked the site to declare messages threatening Israeli crowds against any ground attack against Gaza. A Groupon spokeswoman, Julie Mossler reported in a statement that the hackers […]
Baidu.com (NASDAQ:BIDU), Qualcomm (NASDAQ:QCOM) Partnership for Cloud services – BIDU, FB, YHOO, GRPN, ZNGA
China’s biggest search engine Baidu.com, Inc. (NASDAQ:BIDU) reported on Monday the firm would offer 30GB of free blur storage to Android strategy built with certain Qualcomm chips, in what’s the newest move by the firm to carve out a attendance in the country’s mobile services sector. Baidu’s limited-time proposal applies in China to two of […]
Expansion in Focus; Google Inc (NASDAQ:GOOG) Invests $75M in 50 MW Wind Farm – GOOG, FB, YHOO, ZNGA, GRPN
Google Inc (NASDAQ:GOOG) declared on Thursday that it has invested $75M in a 50 MW wind farm in Rippey, Iowa, a small town an hour outside of Des Moines. It is Google’s second wind energy investment in the state. In 2010, Google signed a long-standing agreement to purchase green energy for its Iowa data center, […]
Facebook Inc. (NASDAQ:FB) Boost Its Online Gift-Giving Feature to Add More Partners – FB, BIDU, AKAM, TRIP, AOL
Facebook Inc. (NASDAQ:FB) announced on Thursday that it is increasing the number of retailers for its gift-giving feature that lets users purchase and send items with no leaving the website, part of the firm’s efforts to add new revenue. Facebook declared at a press conference on in New York that the new partners include Brookstone […]
Groupon (NASDAQ:GRPN) Hires eBay (NASDAQ:EBAY)’s Executive As A COF – GRPN, FB, YHOO, BIDU, ZNGA
Shares of Groupon Inc (NASDAQ:GRPN) surged more than 3 percent after it announced on Wednesday that it has appointed Kal Raman as a chief operating officer, though he will accountable in front of CEO Andrew Mason. After eBay (NASDAQ:EBAY), Raman joined the daily deals provider firm Groupon in April, where he worked as vice president […]
Tech Sector Plunges But Facebook (NASDAQ:FB) Jumps on Green Line – FB, LNKD, AOL, TRIP, YOKU
Shares of Facebook Inc (NASDAQ:FB) reported quick gains on Wednesday, other than the tech sector joined a broad market bullish momentum by new worries related to the U.S. ‘fiscal cliff.’ Facebook shares rose more than 12% to close at $22.36, bucking anticipations of a selloff as over 800 million shares held by insiders turn into […]
Burger Chain Wendy’s Tanks as Much as Facebook
The Wendy’s Group (NYSE: WEN) is suffering from as much negative investor sentiment as Facebook (NASDAQ: FB). Some analysts believe the fast-food chain is about as overvalued as Facebook is from its recent IPO flop. The burger restaurant has announced that it will sell five of its company-owned stores in order to alleviate the cash […]
Delcath Systems Implodes on Stock Offering
In what could only be described as a fitting end to a week after the Facebook (NASDAQ: FB) IPO debacle, shares of Delcath Systems (NASDAQ: DCTH) tumbled in reaction to the company’s stock offering announcement made after the close on May 24, 2012. Not only did the stock manage a 37 percent decline, but it […]
Augme Technologies Drops Alongside Facebook
Facebook stock (NASDAQ: FB) dropped 2.2% today to a share value of $28.19 while Augme Technologies (OTC: AUGT) dropped a similar amount — 1.9% — after a volatile day of trading on the over-the-counter market. There hasn’t been enough trading history for Facebook in order for analysts to gather enough potent technical signals. Augme Technologies’ […]
MiMedx Group Rises While Domestic Stocks Tally Mild Losses
Domestic stocks retreated today, led by a tech-sector drop and the NASDAQ shaving off -0.38%. Meanwhile, MiMedx Group (OTC: MDXG) rose 16% in over-the-counter trading. The recent volatility of domestic stocks has been attributed to the global effects of the European market, but over-the-counter trading is typically not affected by macro concerns. While Europe stays […]
Carbon Sciences Declines While Facebook’s IPO Troubles Continue
Facebook stock (NASDAQ: FB) cannot seem to stay out of the headlines due to its IPO drama, while Carbon Sciences (OTC: CABN) declined a conservative 1.61% in today’s over-the-counter trading. Domestic stocks did not start the trading session very smoothly, but closed mostly flat, while NASDAQ indices had minor total gains when compared to Tuesday’s […]
SembCorp Industries Trades Unusually High Volume (SCIL)
Temperatures are high and patience is thing in the market as the Facebook (NASDAQ: FB) IPO battle rages on. While investors focus on the social media sector, SembCorp (SCIL) Industries investors struck a unique trading with a recent announcement of a $337.8 million approval to cater for an industrial park in Vietnam with a 1,200-megawatt […]
Life Vantage Rises in Market Rebound While Facebook Shares Tumble Below IPO Price
As Facebook’s (NASDAQ: FB) stock fell well below its IPO price of $38 (making nasty headlines on social media) today, Life Vantage (OTC: LFVN) rose 3.16%. Overall, U.S. stocks rebounded today to relieve one of their worst-performing weeks this year: Dow Jones Industrial Average: +1.09%, rising 135.40 points to 12,504.78 Nasdaq Composite: +2.46%, rising 68.42 […]
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