While 12 minutes of battery life might prevent any flights to Everest with the Parrot Bebop, the new tech shows that Facebook Inc (NASDAQ:FB) acquisition of the VR headset company will target more than just the videogame crowd, while raising questions about how consumer use of drones will affect privacy. According to the Federal Aviation Administration, the devices are acceptable in the U.S. so long as they are not used for commercial or business purposes. “Flying model aircraft – including an unmanned aircraft like the new Parrot model – solely for hobby or recreational reasons does not require FAA approval,” spokesman Les Dorr told International Business Times. “But hobbyists should operate according to the agency’s model aircraft guidance.” Facebook Inc (NASDAQ:FB) stock performance was 4.52% in last session and finished the day at $59.83. Traded volume was 48,265,128 shares in the last session and the average volume of the stock remained 69.91 million shares. Facebook Inc (NASDAQ:FB) insider ownership is 0.50%.
Twitter Inc (NYSE:TWTR) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report issued on Thursday, Analyst Ratings Net reports. The firm currently has a $36.00 target price on the stock. Morgan Stanley’s target price points to a potential upside of 12.32% from the stock’s previous close. Twitter Inc (NYSE:TWTR) rose 5.90% to $33.94 yesterday on volume of 34,574,712 shares. The intra-day range of the stock was $32.40 – 34.10. Twitter Inc (NYSE:TWTR) has a market capitalization of $19.34 million.
“Kids are spending a lot of time playing games and parents have no idea if it’s junk food or organic food,” said Esteban Sosnik, executive director of co-lab. As educational games take off, he says parents will be looking for a trusted brand and the right metrics to gauge whether their children are really learning. The co-lab is trying to instill that kind of accountability into the game design process. Zynga Inc (NASDAQ:ZNGA’s affiliation with the co-lab is meant to help them develop a profitable business model that will scale, which means starting in the commercial market. Zynga Inc (NASDAQ:ZNGA)’s stock on May 12, 2014 reported a increase 3.16% to the closing price of $3.59. Its fifty two weeks range is $2.50 – 5.89. The total market capitalization recorded $2.99 billion. The overall volume in the last trading session was 17,839,388 shares. In its share capital, Zynga Inc (NASDAQ:ZNGA) has 884.45 million outstanding shares.
Roughly 40,000 Baidu Inc (ADR) (NASDAQ:BIDU) calls traded last Friday, compared to an expected daily volume of 25,000. Accounting for a sizable portion of the activity was a call ratio spread, which was initiated at the July 160 and 170 strikes. In other words, one confident speculator placed a bullish bet on the shares, expecting BIDU to rally modestly within the next two-plus months. On Friday, shares of Baidu Inc (ADR) (NASDAQ:BIDU) advanced 4.60% to close the day at $159.88. Company return on investment (ROI) is 16.70% and its monthly performance is recorded as 5.90%. Baidu Inc (ADR) (NASDAQ:BIDU) quarterly revenue growth is -2.65%.