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


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.

Twitter, is Twitter a good stock to buy, Q2 2014, Cory Johnson, Paul Sweeney, ad efficiency,

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,, 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.


Suggested Articles:

Most Suicidal Cities

Best Selling Video Game Franchises