Social Media

Snap Soars 40% After Opening at $24 a Share On First Trading Day
March 2, 2017 at 11:50 am

Snap started trading at $24 a share on the New York Stock Exchange on Thursday, soaring more than 40 percent from its pricing. The company, trading under the ticker SNAP, priced its 200 million share public offering at $17 a share on Wednesday. The IPO was 12 times oversubscribed, sources said. After opening shortly before…

Facebook Revenue Jumps Again, Buoyed by Mobile Advertising
February 2, 2017 at 9:52 am

Facebook Inc. squeezed nearly 30% more revenue per user in the fourth quarter, pumping its advertising muscle ahead of an anticipated slowdown in growth later this year. Users spent more time watching videos on Facebook and its photo-sharing app Instagram, providing the social media giant with more slots for ads. That built on growth in…

Microsoft to acquire LinkedIn
June 13, 2016 at 9:42 am

Microsoft Corp. and LinkedIn Corporation on Monday announced they have entered into a definitive agreement under which Microsoft will a