Facebook Inc (NASDAQ FB) stock spiked in early trading on Monday following a report from Morgan Stanley which initiated coverage assigning an Overweight rating and a price target of $90 on the stock. Morgan Stanley’s Benjamin Swinburne also tells investors not to worry about the rising expenses. Facebook’s increasing expenses will hurt the stock in…
Microsoft (NASDAQ MSFT), once nearly orphaned by investors, has nearly touched its 52-week high. As a matter of fact, make that a 10-year high, for good measure. It has gotten there without a large explosion in new businesses like cloud computing. Much of the rise in revenue and profits has recently come from businesses that…
Magic Leap raised $542 million in a funding round led by Google Inc (NASDAQ GOOG) on Tuesday. The number 1 mobile chipmaker, Qualcomm Inc (NASDAQ QCOM) is invested in this funding round as well as Andreessen Horowitz, KKR, Obvious Ventures and Legendary Entertainment. The company’s Founder and CEO, Rony Abovitz said its mission is to…
Facebook Inc (NASDAQ FB) is offering a revenue share deal to the publishers that will enable newspapers, magazines, and websites to send their articles for the social network directly through its mobile app, according to a report from the New York Times. The social networking website has initiated a “listening tour” with publishers to discuss…
Microsoft Corporation (NASDAQ MSFT) shares rallied more than 3 percent on Thursday in extended-hours trading after the world’s largest software company beat expectations and tallied record first-quarter sales, driven by the company’s cloud strength and hardware progress. The Seattle-based company turned in a fiscal first-quarter profit of $4.54 billion, or 54 cents per share, on…
A woman who in full public view wore cloths that revealed her cleavage, and whose photo was taken by Google Street view, has won approximately $2,000 from a Canadian court for the emotional damage she suffered by having her picture taken and posted on the internet. While sitting on the stoop of her split level…
