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News Breaks
November 30, 2012
10:24 EDTAMZN, EBAYDurbin pushing online sales tax amendment, The Hill says
Democratic Senator Dick Durbin is looking to attach an amendment that would make it easier for states to charge sales taxes on online transactions to a defense authorization bill, according to The Hill. The Senate is currently considering that bill, the publication noted. Reference Link
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September 24, 2015
06:59 EDTAMZNFacebook and Google more 'Yelp-like' than ever, says Northland
Northland analyst Darren Aftahi says Facebook (FB), Google (GOOG, GOOGL) and (AMZN) have recently added new features that focus on improved local search as well as tools enabling easier business-consumer communication. Facebook and Google are now more "Yelp-like" than ever, Aftahi tells investors in a research note. And while Apple's (AAPL) new "swipe right" feature could drive a near-term surge in Yelp (YELP) app downloads, it may translate into lower engagement on the Yelp app over longer term, the analyst argues. He remains cautious on Yelp's growth prospects and cut his price target for the stock to $17.75 from $21.50. Shares of the local business review site closed yesterday down 25c to $23.10. Aftahi has an Underperform rating on the stock, his firm's equivalent of a sell.
06:39 EDTEBAYJPMorgan sees 'choppy' near-term outlook for eBay, cuts target to $32
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