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Stock Market & Financial Investment News

News Breaks
February 25, 2014
05:39 EDTLNKDLinkedIn expands in China, dealing with censorship, WSJ reports
LinkedIn today launched a Chinese-language website, saying it hopes the site will attract 140M new professionals, which would boost its user base by 50%, reports the Wall Street Journal. LinkedIn now has 4M users in China, through an English-language website and a Chinese-language mobile app. LinkedIn CEO Jeff Weiner, speaking about dealing with China’s censorship of the Internet, says “We’re expecting there will be requests to filter content...that’s going to be necessary for us to achieve the kind of scale that we’d like to be able to deliver to our membership.” Reference Link
News For LNKD From The Last 14 Days
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July 16, 2014
08:08 EDTLNKDOracle Social Cloud announces LinkedIn support for SRM platform
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July 15, 2014
10:33 EDTLNKDFacebook, Twitter slip following cautious valuation comments from Fed
Shares of a number of companies in the social media and biotech industries moved lower following the circulation of cautious comments about their stock valuations that were included in the Federal Reserve's latest Monetary Policy Report. WHAT'S NEW: In the report, presented by the Board of Governors of the Federal Reserve and signed on behalf of the governors by Chair Janet Yellen, the central bank wrote that some broad equity price indexes have increased to all-time highs in nominal terms since the end of 2013, but that valuation measures for the overall market in early July were "generally at levels not far above their historical averages." However, the Fed's report also cautioned that valuation metrics in some sectors do appear substantially "stretched," particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year. As support for its assessment, the Fed noted that ratios of prices to forward earnings for "smaller firms as well as social media and biotechnology firms" remain "high relative to historical norms." PRICE ACTION: Following the circulation of the comments in the Fed report, shares of Facebook (FB) are down 88c, or 1.3%, to $67.02, Twitter (TWTR) is down 24c, or 0.6%, to $38.07 and LinkedIn (LNKD), is down 21c, or 0.1%, to $159.57. Shares of some biotechnology companies including Celgene (CELG) and Amgen (AMGN) also ticked lower following the circulation of the comments from the Fed's report.
10:18 EDTLNKDFacebook, Twitter move lower following comments from Yellen
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July 14, 2014
09:46 EDTLNKDLinkedIn acquires Newsle; Terms not announced
In a blog post, LinkedIn announced that it has acquired Newsle, a machine learning startup that specializes in disambiguation, natural language processing. he terms of the acquisition were not announced, but LinkedIn says that Newsle will continue to operate as a standalone product for the time being. Reference Link
July 11, 2014
06:10 EDTLNKDJPMorgan expects solid Q2 results in Internet space
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