Groupon Shares Rally After Morgan Stanley Upgrade
Shares of e-commerce marketplace, Groupon Inc. (NASDAQ: GRPN) gained sharply on Thursday after Morgan Stanley upgraded the stock to a “buy”, citing turnaround in North American region due to the...
View ArticleGroupon Acquires Online Booking App, Blink
Daily deals site, Groupon Inc. (NASDAQ: GRPN) announced on Monday that it has acquired Blink Booking. Blink Booking is a Madrid based start-up which made last minute hotel booking app called Blink. The...
View ArticleTencent Holdings Buys Minority Stake in Sohu.com Search Engine Unit, Sogou
Tencent Holdings Ltd. said on Monday that it has bought a minority stake in China’s third largest search engine by traffic, Sogou for $448 million. Sogou search engine is owned by Sohu.com Inc....
View ArticleGroupon Upgraded By Stifel Nicolaus
Shares of Groupon Inc. (NASDAQ: GRPN) soared on Thursday to clock a new 52 week high after Stifel Nicolaus upgraded the online marketplace stock to a “buy” from a “hold”. The firm has a price target of...
View ArticleCanaccord Genuity Initiates Coverage on Facebook
Equity research analysts at Canaccord Genuity initiated coverage on Facebook (NASDAQ: FB) from Wednesday. The firm assigned a “buy” rating and set a price target of $60.00. The price target implies an...
View ArticleFacebook Buys Israeli Start-Up App Developer, Onavo
Facebook (NASDAQ: FB) has agreed to acquire an Israeli start-up app maker, Onavo for an undisclosed sum. Onavo, which was founded three year ago, develops mobile utility app, helping users to cut phone...
View ArticleFacebook Shares Remain Flat Despite Strong Q3 Results
Facebook Inc.’s (NASDAQ: FB) decision to not increase the frequency of ads it shows to its users in the near future hasn’t been welcomed by investors. Shares were mainly flat on Thursday despite a...
View ArticleTwitter Surges on Debut
Shares of micro-blogging site Twitter Inc. (NYSE: TWTR) have surged on their trading debut. Twitter completed its IPO on Wednesday. The San Francisco, California-based company priced its IPO at $26 per...
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