In the wake of Facebook Inc (NASDAQ FB)’s earnings report this week, analysts from multiple firms have increased their price targets and estimates. Two of the firms that raised their numbers are FBN and Baird. As always, mobile advertising and engagement rates are hot topics of conversation around the second quarter earnings results. Shares of…
According to various Reports on the Wall Street, Google Inc (NASDAQ GOOG) has finalized a deal to acquire dominant game-streaming player Twitch. Sources close to the deal say the search giant has agreed to pay more than $1 billion for Twitch. The latest rumor has Google buying game-streamer Twitch for $1 billion. The source would…
Sprint Corporation (NYSE S) and Google Inc (NASDAQ GOOG) are teaming up to sell business apps. The mobile phone carrier will offer Google’s cloud based applications to small and medium businesses. This suite of applications including Gmail, Google Docs, and Google Drive. Sprint and Google will join forces to help small and medium sized business…
In an exciting development on the Stock Market, Facebook Inc (NASDAQ FB) stock soared to a record high after the company said its profits more than doubled and revenues surged 61% during the latest quarter. Facebook’s revenues crushed the consensus estimates for the ninth straight quarter. Shares of Facebook Inc (NASDAQ FB) jumped 5.62% to…
Google Inc (NASDAQ GOOG) acquired drawElements, a Finnish 3D graphics firm to improve its Android mobile operating system, which is one of the key focus of the search engine giant. drawElements specializes in analyzing and assessing mobile 3D graphics. Technology observers are speculating that Google will probably utilize drawElements for device standardization. Android operating system…
Owing to strong advertising gains, Facebook Inc (NASDAQ FB) has posted earnings per share of $0.42 on revenue of $2.91 billion excluding one-time items. After an initial decline following the results, Facebook Inc (NASDAQ FB) is presently trading at $74.07 up $2.78 or 3.91% in extended trading. Prior to the earnings call the company was…
