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March 12, 2014
06:12 EDTTWTR, GOOGTwitter hires YouTube's Baljeet Singh, WSJ reports
YouTube (GOOG) executive Baljeet Singh has been hired by Twitter (TWTR) to help the company generate more video content, the Wall Street Journal reports. Twitter has hired Singh as its product director, head of TV and video, and will report to Kevin Weil, VP of product for revenue. Reference Link
News For TWTR;GOOG From The Last 14 Days
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September 24, 2015
09:05 EDTTWTROn The Fly: Pre-market Movers
HIGHER: Arrowhead Research (ARWR), up 35% after disclosing top-line findings from the Heparc-2001 Phase 2a clinical study of ARC-520, its candidate for the treatment of chronic hepatitis B infection... Conatus Pharmaceuticals (CNAT), up 19% after the company's Phase 2 Portal Hypertension clinical trial of emricasan met its primary endpoints... Keryx Biopharmaceuticals (KERX), up 13% after announcing that the European Commission has approved Fexeric for the control of elevated serum phosphorus levels, or hyperphosphatemia, in adults with chronic kidney disease. LOWER: Caterpillar (CAT), down 5% after announcing restructuring plans, lowering revenue guidance, and having stock initiated with a Sell rating and a $28 price target at Axiom... Twitter (TWTR), down 1.5% after Citi cut estimates below consensus and lowered its price target to $30. DOWN AFTER EARNINGS: Worthington (WOR), down 12.5%... Accenture (ACN), down 3%.
08:57 EDTTWTR, GOOGGoogle price target raised to $781 from $730 at Citi
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08:51 EDTTWTRCiti cuts Twitter estimates below consensus, drops target to $30
Citi analyst Mark May says his analysis indicates the consensus estimates for Twitter (TWTR) may be too high as they assume "meaningful increases" in monetization which he believes may prove difficult to realize. May cut his 2015, 2016 and 2017 earnings per share estimates for Twitter to 30c, 34c and 58c, respectively, well below the consensus estimates of 34c, 63c, and $1.03. He also cut his 2016 revenue estimate to 3% below the consensus. It will be difficult for the stock to achieve sustained multiple expansion until user growth accelerates and/or revenue growth stabilizes, May tells investors in a research note. He moved the stock to Citi's "High Risk" designation given Twitter's recent user trends and his belief that his estimates are unlikely to move up in the near-term. He keeps a Neutral rating on the name. May's top picks among U.S. Internet stocks remain Facebook (FB), (AMZN) and eBay (EBAY).
07:24 EDTGOOGWPP CEO: Google needs to weed out 'fake' online ad views, FT reports
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06:59 EDTGOOGFacebook 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.
06:08 EDTGOOGSamsung Pay has over $30M in accumulated transaction volume in first month
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September 23, 2015
19:23 EDTTWTRTwitter to be available in additional languages
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September 22, 2015
17:23 EDTGOOGGoogle begins conducting business briefings with analysts, WSJ says
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17:06 EDTGOOGGoogle charges for YouTube ads viewed by bots, Financial Times says
Google has been charging advertisers for YouTube ads even those advertisements were viewed by "robot" computers rather than human beings, reports the Financial Times, citing a study by a group of European researchers. In one example, the research group's "bots" visited two particular YouTube videos 150 times, and Google's AdWords service subsequently charged for 91 of those video views, according to the report. Google told the publication it will contact the group to discuss the results. Reference Link
14:07 EDTTWTRTwitter Sr. Director of Engineering Akash Garg leaving company
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10:45 EDTTWTRStocks with call strike movement; TWTR NFLX
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09:09 EDTGOOGFrontier says adds Nest cam, Nest Protect to product offerings
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07:15 EDTGOOGCloudFlare raises $110M from consortium of Google, Microsoft, others
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September 21, 2015
13:08 EDTGOOGFrance's CNIL rejects Google's informal 'right to delisting' appeal
French data protection agency Commission Nationale de l'Informatique et des Libertes, or CNIL, rejected Google's appeal of a notice that would require it to apply user requests to remove websites from its search results across all of its domains. CNIL cited these reasons for the rejection: "Geographical extensions are only paths giving access to the processing operation. Once delisting is accepted by the search engine, it must be implemented on all extensions, in accordance with the judgment of the ECJ. If this right was limited to some extensions, it could be easily circumvented: in order to find the delisted result, it would be sufficient to search on another extension, namely to use another form of access to the processing. This would equate stripping away the efficiency of this right, and applying variable rights to individuals depending on the internet user who queries the search engine and not on the data subject. In any case, the right to delisting never leads to deletion of the information on the internet; it merely prevents some results to be displayed following a search made on the sole basis of a person's name. Thus, the information remains directly accessible on the source website or through a search using other terms. For instance, it is impossible to delist an event. In addition, this right is not absolute: it has to be reconciled with the public's right to information, in particular when the data subject is a public person, under the double supervision of the CNIL and of the court. Finally, contrary to what Google has stated, this decision does not show any willingness on the part of the CNIL to apply French law extraterritorially. It simply requests full observance of European legislation by non European players offering their services in Europe." Since the informal appeal has been rejected, the company must now comply with the formal notice. Otherwise, the President of the CNIL may designate a Rapporteur who may refer to the CNIL's sanctions committee with a view of obtaining a ruling on this matter. Reference Link
12:00 EDTGOOGGoogle, Shopify expand presence in BlackBerry's hometown, Reuters says
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11:51 EDTTWTRStocks with call strike movement; TWTR NFLX
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09:40 EDTTWTRActive equity options trading on open
Active equity options trading on open: AAPL BAC ESV BABA FB NFLX TSLA TWTR GE GPRO JPM ONVO MU
07:19 EDTGOOGGoogle Class A price target raised to $847 from $720 at JMP Securities
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06:24 EDTGOOGEU's web rules won't discriminate against U.S. tech companies, WSJ reports
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06:01 EDTGOOGGoogle holding event on September 29, The Verge reports
Google will hold its fall event on Tuesday, September 29, The Verge reports. According to the publication, Google is likely to introduce new Nexus smartphones -- one from LG and one from Huawei -- as well as an updated Chromecast. Reference Link
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