Tech Stocks
Google Announce 2 for 1 Stock Split
Google Inc (NASDAQ:GOOG) have announced that they will split their shares at a rate of 2 for 1. Stock splits are the most common way for American companies to lower share price to increase liquidity of stock. Other than a doubling of shares for shareholders no other change will occur – no change to value... Stock market news »
Game Group Enters Administration – The Nail in the Coffin for Console and PC Games?
Today we learned that Game (The Game Group Plc), the high street computer game retailer, has gone into administration. It is feared the all stores will close within a week. Game suspended trading on 12st March 2012. It seems that cash flow problems and investments were the main cause, with a failure to source... Stock market news »
Facebook Announces $5 Billion IPO
Market Update – 2nd February 2012 Facebook have announced plans to float on the stock market. It is looking to raise $5 billion in an IPO. It has filed its intention to list with the Securities and Exchange Commission. Form S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 - Facebook, Inc. SEC.gov It is valued at around $75 billion, less... Stock market news »
Google Shareholders Not Impressed With 27% Growth
Google has seen its revenue increase by 27% for the final quarter, and 29% overall for 2011. However, this increase in revenue has still fallen short of shareholder expectations and as a result many people are selling. Google share price has dropped by 10% after the results were released, plummeting share price to $575... Stock market news »
Yahoo! Announces Resignation of Jerry Yang
PRESS RELEASE FROM YAHOO! SUNNYVALE, Calif.– (BUSINESS WIRE)– Yahoo! Inc. (NASDAQ: YHOO), the premier digital media company, today announced that Jerry Yang has resigned from its Board of Directors and all other positions with the company, effective today. In addition, Yang resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective today. In a letter... Stock market news »
Review of Tech Stock IPOs – the Winners and Losers
It seems that tech stocks are on the agenda again. After the first tech stock bubble burst investors became extremely wary of technology stock, especially Internet stocks, and started to question the valuations that many companies have been given. This year we have seen IPOs from Demand Media, LinkedIn, Yandex and Groupon. The hot... Stock market news »
Groupon IPO Raises $700 million (GBP437m)
Yet another huge tech stock IPO was launched today. Groupon, the website business that provides coupons, money off vouchers and other offers, floated on the NASDAQ today. Shares were thought to start trading at between $16 and $18 a share but actually floated at $20.00 each. By 12.46pm EDT shares had reached $29 on the... Stock market news »
Newscorp Sells MySpace To Specific Media
MySpace has just changed hands. On the day Google announces the launch of its own social networking system (the only real threat to Facebook in the next 10 years), MySpace, once the favourite hang-out for teenagers, pop bands and bored students, was passed from one company to another in a transaction that will mostly... Stock market news »
TomTom Shares Struggle As SmartPhones Take Over The GPS Market
TomTom shares have fallen by a staggering 27% today, down by EUR1.32 to EUR3.57. TomTom is the Netherlands-based manufacturer that specialises in GPS services for the automotive industry and operates the most well respected car navigation devices on the market. However, TomTom is suffering from the rapid rise of competition in the form of smartphones. Many... Stock market news »
Tech Stock Updates: LinkedIn Shares Fall, Skype Sacks Execs, Google Library and Patent Wars
It seems that tech stocks are always in news these days and today has seen 3 big tech stocks in the news. LinkedIn Share Price Drops First up is the update on the LinkedIn flotation – LinkedIn shares have fallen today. When LinkedIn floted on the stock market their share price doubled on the first day... Stock market news »
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