The Mountain View, California-based Linkedin Corporation (NYSE:LNKD) reported that posts from Twitter Inc would no longer be shown on its site, as the micro blogger woos customers to visit its own services.
Linkedin, owner of the world’s major professional-networking website, reported on its blog that LinkedIn users had been able to show the posts, names as tweets, on their accounts since 2009. LinkedIn reported the users can still send updates to twitter from their LinkedIn accounts by checking a box for tweets when they make updates.
Twitter has been boosting its concentrate on getting additional users to observe tweets through its own website and on mobile applications, as it aims to raise advertising revenue. Two persons with knowledge about the forecast reported that the corporations forecasts to produce almost $1 billion in advertising revenue in 2014.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Google Inc (NASDAQ:GOOG) increased +2.79% to settle at $580.07, Monster Worldwide, Inc. (NYSE:MWW) moved up +2.72% to end at $8.31 while SINA Corporation (USA) (NASDAQ:SINA) jumped +3.00% to finish on Friday at $51.81.
Linkedin Corporation (NYSE:LNKD) last session volume of 2.13 million shares was lower than its average volume of 4.09 million shares. The stock after opening at $106.94 hit high price of $107.05 and then closed at $106.27 by scoring +3.44%.
LNKD generated revenue of 616.71 million in the following twelve months and earned $16.90 million. The Company showed a negative 2.40% in the net profit margin and as well as in its operating margin which remained 5.70%. Company’s annual sales growth for the past five year was +121.31%.
The LNKD past twelve months price to sales ratio was 17.80 and price to cash ratio remained 17.68. As far as the returns are concern, the LNKD return on equity was recorded as 4.92% and increased 3.57% return on investment while its return on asset stayed at 2.44%.
The stock showed weekly downbeat performance of -0.54% which was maintained for the month at +10.58%. Likewise the positive performance for the quarter was recorded as +4.20% and for the year was +17.96% while the YTD performance remained at +68.66%.
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