Twitter Inc. (TWTR), Yelp Inc. (YELP) Beat Estimates, Facebook Inc. (FB) Goes More Mobile

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Natalia Angulo reviewed on Fox Business’ ‘Tech Rewind‘ the top tech stories of the week, including Twitter Inc. (NYSE:TWTR)Yelp Inc. (NYSE:YELP)LinkedIn Corp. (NYSE:LNKD)’s quarterly earnings beating market expectations, while GoPro Inc. (NASDAQ:GPRO) reported a weak quarter. In addition, Facebook Inc. (NASDAQ:FB) unfolded another phase of its ‘mobile first’ strategy.

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Twitter Inc. (NYSE:TWTR)’s stock rose 30% last Thursday as its second quarter earnings beat market estimates. The microblogging site also reported a 24% increase on the year, to 271 million monthly active users. However, the stock lost some of its momentum by the end of the week on a lower note.

LinkedIn Corp. (NYSE:LNKD) also posted revenue growth of 47%, beating estimates. The professional social network stock soared 15% on Thursday and closed 11.70% higher on Friday.

The second quarter also saw Yelp Inc. (NYSE:YELP) turning profitable as small business advertising on the website and mobile app gave the much needed push to its revenues.

However, GoPro Inc. (NASDAQ:GPRO), which reported earnings for the first time since its IPO, posted a bigger loss in the quarter, causing the wearable camera maker’s stocks to dip by 9% on Thursday and 15% on Friday.

Talking about new products and strategy, Angulo reported that e-commerce giant, Amazon.com, Inc. (NASDAQ:AMZN) had launched a new 3D printed products store that gave shoppers the option to choose from a huge range of customizable products.

Giving a roundup on the largest social network, she said,

“Facebook Inc. (NASDAQ:FB) is now forcing users to migrate to a new messenger app as it stops allowing mobile messaging on its main apps. The social network already separated the two apps in Europe, where users now send 12 billion messages a day.”

Facebook Inc. (NASDAQ:FB) also closed down its ‘gifts’ service earlier last week to promote its latest e-commerce ‘buy’ venture, Angulo added.

Airbnb Inc. and Uber Technologies Inc. plan to capitalize on the huge corporate travel industry to give a thrust to their growth. The startups will be launching updated versions of their apps, which will offer cheaper solutions for business travel.

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