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All Posts Tagged Tag: ‘Stock’

Twitter Stock Falls Below IPO Price

Twitter Stock Falls Below IPO Price

For the first time ever, Twitter shares have fallen below the original IPO price. In November of 2013, Twitter priced its IPO at $26 a share. The company raised $1.8 billion in the offering, selling 70 million shares. The stock opened up at $45.10, 73.5% higher than the set price. Today, it fell below $26. Last month, Twitter reported its …

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Was Yelp Misleading About Its Reviews?

Yelp is no stranger to legal battles, nor is it a stranger to complaints about how it handles reviews. Now, the company faces a new class action suit from shareholders, accusing it of selling over $81 million in stock, while misleading shareholders about the legitimacy of reviews. Do you believe Yelp would mislead investors about its reviews, or do you …

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AOL Sees 6th Consecutive Quarter Of Revenue Growth

AOL just released its Q2 earnings report with its sixth consecutive quarter of revenue and adjusted OIBDA growth. Total revenue grew 12% year-over-year. The company attributes this to accelerated global advertising revenue, which grew 20% year-over-year. The company saw 60% growth in third party platform revenue driven by growth in the sale of premium formats across its programmatic platform as …

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Tesla Stock Rockets Despite Hazardous Adapter Recall

The fourth quarter was a definite success for Tesla Motors Inc. The electric car maker indicated yesterday that its Model S sedan deliveries surpassed original predictions by 20 percent. As Tesla delivered about 6,900 sedans during the quarter, shares shot up by almost 16 percent. “We look forward to 2014 with anticipation,” said Jerome Guillen (vice president of global sales …

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Facebook Offers 70 Million More Shares, Heads To Court Over IPO

Facebook announced on Thursday that it is offering 70,000,000 new shares of its Class A common stock, with 27,004,761 shares being offered by the company itself and 42,995,239 shares being offered by certain selling stockholders, including CEO Mark Zuckerberg, who is offering 41,350,000 shares. The company plans to use the net proceeds from the offering for working capital and “other …

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Square Eyeing 2014 IPO, According to Report

Today, everyone is talking about the big Twitter IPO. Next year, we may be talking about Square putting forth an initial public offering. The common thread here is Jack Dorsey, of course. The Twitter co-founder is also the founder and CEO of mobile payments company Square – a company that may be eyeing an IPO of its own. The report …

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Google Stock Hits All-Time High, Surpassing $1K

Google released its quarterly earnings on Thursday, beating Wall Street expectations. Revenues were up 12% year-over-year, hitting nearly $15 billion. GAAP EPS were $8.75 on 339 million diluted shares outstanding, compared to $6.53 in the same quarter last year. Non-GAAP EPS were $10.74, compared to $8.87 last year. You can see the full earnings statement here. The report shot Google’s …

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IBM Stock Leads To Discouraging Results?

IBM has released the 2013 Third-Quarter Earnings, and there is both good and bad news with the recent report. The good news is that the third-quarter net income increased six percent where this year’s third-quarter earnings were $4.04 billion ($3.68 per share) as opposed to last year’s earnings for the same quarter of $3.82 billion ($3.33 per share). The bad …

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Jos. A. Bank Rejected By Men’s Wearhouse

Men’s Wearhouse chose not to take the $2.3 billion offer presented by powerhouse Joseph A. Bank. Though shares for Men’s Wearhouse fell 12 percent during September, company representatives are determined to continue promoting the viability of the company. According to the Lead Director for the Board, Bill Sechrest, the proposal by Joseph A. Bank was viewed as being “opportunistic. The …

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Lumber Liquidators’ Stock Drops Almost 10% Amid Federal Raid

For every action, there’s always a reaction. This week, no one can attest to such a phrase better than Lumber Liquidators. In just two days, the American specialty flooring retailer’s corporate sector has been flipped upside down. On Thursday, federal authorities from both the Department of Homeland Security and Immigration and Customs’ Enforcement, in corroboration with the US Fish and …

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Gold Recovery? What Does This Mean For Business?

Gold has had a resurgence recently. This comes as good news for investors and people that follow the market closely. As of today, gold is on track for its biggest weekly gain in five weeks. Several analysts are saying that the precious metal that we once used to pay for everything may have good times ahead. The Federal Reserve also …

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Netflix’s Original Content Is Making People Want to Stick Around

In the past year, Netflix has released the Emmy-nominated political drama House of Cards, the Eli Roth-produced horror series Hemlock Grove, and the surprise hit of the summer, Orange Is The New Black. They’re also in the process of adding a bunch of exclusive comedy to their streaming options and are about to premiere season 2 of the less-popular but …

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