Shares of Facebook Inc fell 4.5 percent to a new low on Friday after brokerages cut their price targets on the company's shares, saying several lock-up expirations over the next year will weigh on the stock.
Facebook's stock got some reprieve in after-hours trading done on Tuesday after the company said its CEO, Mark Zuckerberg, won't sell stock in the company for at least the next 12 months.
Facebook CEO Mark Zuckerberg has no intention to sell his stock for at least 12 months, said the social network company in a regular public filing.
Nokia and Microsoft Corp took the wraps off the struggling European company’s most powerful smartphone on Wednesday, in what may be their last major shot at reclaiming a market lost to Apple, Samsung and Google.
Shares in Samsung Electronics rose more than 3 percent to their highest intraday levels in more than three weeks on Wednesday, shrugging off rival Apple Inc's planned unveiling of its newest iPhone.
Facebook Inc CEO Mark Zuckerberg might need to talk more often. A 30-minute appearance at a technology industry conference earlier this week has translated into $6.785 billion in additional market valuation for his company.
Adorned with the tagline "It doesn’t take a genius", Samsung has revealed a print advertisement comparing Apple’s flagship iPhone 5 to its own Galaxy S III. iPhone 5 'not a game-changer': Analysts | REVIEW: Samsung Galaxy S III
Sony Corporation is introducing a smaller, slimmer and lighter version of its PlayStation 3 home console ahead of the year-end holidays as it gears up for growing competition in games from smartphones.
Nasdaq OMX Group Inc stood by its proposed $62 million plan to compensate firms affected by the fallout from Facebook's botched initial public offering, taking aim at UBS AG, Citigroup Inc and other parties that derided the payback plan.
Some stores reported having Apple's newest phone available for walk-up customers, though not all versions of it. A random check of about a dozen stores indicated that most were sold out.
Facebook shares plunged after Barron's, the influential markets-focused newspaper and website, said the stock was still sharply overvalued and were possibly only worth USD 15.
Google shares rose more than two percent to a new high of $749.38 at the close of the Nasdaq exchange on Monday and continued to rise in after-hours trading.
Facebook shares plunged after Barron’s, the influential markets-focused newspaper and website, said the stock was still sharply overvalued and was possibly only worth $15.
Microsoft says it has settled a computer-fraud case against a website operated by a Chinese businessman that had become a major hub for illicit Internet activity.
Nokia is expected to report another quarterly loss next week, raising the stakes for its holiday-season sales battle with smartphone rivals Apple and Samsung.