Facebook reviewed number of ads in relation to revenue growth and number of users. Due to the number of advertisements on Facebook, younger teens had not been using the site.
Consumer Web/Social Media
Twitter IPO target pushed up by Wall Street brokerages
Twitter initial public offerings increased to USD26 per share by The Wall Street brokerage. On Friday, Morningstar united with three brokerages after setting price aim for Twitter Inc.
Interest in Twitter enough for full purchase of IPO shares
Twitter IPO volume expected to be fully taken because of increased interest from investors. According to people with knowledge of the matter, Twitter had already attracted more than enough demand to sell all of the IPO shares it can offer.
Netflix includes Waoo!, Virgin Media and Com Hem to its TV streaming listing
Denmark's Waoo!, Sweden's Com Hem and the UK's Virgin Media are the latest additions to the Netflix galaxy of streaming partners.
"China's Craigslist" 58.com debuts on NYSE
Chinese online classifieds marketplace 58.com would be selling American Depository Shares (ADS) at USD17 apiece starting today on the New York Stock Exchange.
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Firms stand to earn nearly USD50 million from the Twitter IPO. During the visit of Twitter to New York last week, executives of JP Morgan Chase & Co had mingled outside their offices with jackets emblazoned with the logo of the microblogging site.
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
Fund managers said they were optimistic about Twitter's upcoming debut. Institutional investors expressed confidence about the initial public offering of social media company Twitter Inc.
French advertiser Criteo raised USD 250 million from its IPO. France-based firm Criteo raised USD 250 million from its initial public offering in the US.
IfOnly was able to raise USD 12 million from investors in a round led by New Enterprise Associates. San Francisco-based startup IfOnly gathered USD 12 million in capital commitments from various investors.
Nexon Co would be doing more deals to enhance market share and increase revenues in North America. Japanese online games maker Nexon Co said it would be looking more deals to increase its revenues in the US.
In order to avoid the fiasco of Facebook on the NASDAQ, the NYSE ran simulated IPO tests to iron out glitches and kinks in its systems.
Twitter quitters would prove to be a challenge to investors in the social media site's upcoming IPO, a report said.
The amount of USD6 million was raised by Flint Mobile from its capital investors. The market leader in easy swipe free payments and mobile business integration, Flint Mobile, announced the receipt of USD6 million worth of new capital funds during the Street Fight Summit in New York.
