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Tag Archives | stocks

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Twitter shares soar on news of a surge in growth and profits

There’s a lot of tweeting going on these days. Twitter’s stock reportedly jumped  at least 30 percent today after it revealed better than expected second-quarter earnings. The chatty social network reported $312 million in revenue beating a forecast of $283 million in revenue. Also, Twitter delivered more good news about a surge in users. In the second-quarter, the micro-blogging site added 16 million users for a total of 271 million who tweet at least once a month. The news prompted Twitter stock to leap more than $50... Read More →

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Facebook delivers a smackdown on its critics

Naysayers heaped a lot of criticism on the social media giant Facebook when it went public in May of 2012 with an initial public offering of $38 a share. The stock fluctuated and that open the door for critics to slam the decision to go public and doubt the value of the number one social network. Now Facebook has smackdown those critics with glowing  second quarter earnings and a stock that is trading  north of $75 a share today. Some are saying... Read More →

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Photo: Cover of "Michael" the new Michael Jackson album from www.michaeljackson.com

Entertainment Bits: MJ’s will reviewed, Facebook stock down again, WGA-West slams Verizon/cable deals

No surprise that a family feud is underway over the very rich estate of the late pop legend, Michael Jackson. Some of the superstar’s disgruntled siblings have charged his will is a fake. Yes, that’s the will that left the singer’s fortune to various charities, his mother, and his children and nothing to his brothers and sisters.  Forbes investigated MJ’s will and here’s a report on what they discovered. Another bummer of a day for Facebook. The social media giant’s stock has been struggling... Read More →

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More economic worries: Stocks take another dive

The stock market took a beating again today. Some dramatic swings in the market over the past few days. Worries about the country tumbling into another recession reportedly caused the market to plunge more than 500 points today. When the market closed stocks had gained some ground — ending the day down 419 points. More on the stocks and the economic fears, which have investors jittery and scrambling for cover here on Reuters.

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