Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), LinkedIn Corp (NYSE:LNKD), Yelp Inc (NYSE:YELP)
Mark Zuckerberg says Facebook was strengthened by IPO (NewsDay)
Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg didn’t really want to take his company public last year, but he has changed his mind now that the Internet social network’s stock is steadily rising. Zuckerberg told a San Francisco audience attending a technology conference that he believes the rigors of an initial public offering of stock completed 16 months ago turned Facebook Inc. into a stronger company.
How LinkedIn And Software Rental Make It Easy To Attack Companies (LifeHacker)
Want to gain access to a company server for malicious or illegal purposes? These days, you don’t need much more than the ability to search LinkedIn Corp (NYSE:LNKD) and a willingness to pay for malware development under a software-as-a-service model. This point was raised at the ‘Enrich Defend Protect’ seminar I attended in Melbourne earlier this week. Co-hosted by FireEye, Imperva and Splunk, the overriding theme was how security tools need to integrate with each other to provide an effective defence system…
Lawyer calls Yelp’s suit against him retaliation (InsideCounsel)
Yelp Inc (NYSE:YELP)—the website that allows almost anyone to review businesses around the world—is nothing more than a bully, according to one unhappy customer who happens to be a lawyer. Julian McMillan, who owns a small law firm in San Diego, sued Yelp in small claims court earlier this year, claiming the company did not follow through with their agreement when he bought ads to promote his business on the site. A judge agreed with McMillan’s claims and ordered Yelp to pay McMillan $2,700 as reimbursement for money he spent on the ads. Yelp appealed, arguing that neither McMillan nor the judge understand Yelp’s contract.
Facebook shares heading to another all-time high (PostStar)
Shares of Facebook Inc (NASDAQ:FB) appear to be heading for new all-time highs Thursday with CEO Mark Zuckerberg saying that a horrendous initial public offering two years ago made his company stronger. Zuckerberg didn’t want to take his company public last year, but he has changed his mind now that the Internet social network’s stock is steadily rising. Shares are up almost 70 percent this year.
Mayer & Zuckerberg tout success (CNBC)
Facebook Inc (FB) or LinkedIn Corp (LNKD)? (InsiderMonkey)
Facebook Inc (NASDAQ:FB) and LinkedIn Corp (NYSE:LNKD) are among the most innovative companies of our time, and they both provide interesting opportunities for investors to profit from the social networks boom over the next years. However, their business models are quite different, and this has material implications to consider. The big cash generator for LinkedIn Corp (NYSE:LNKD) is talent solutions for employers, which provided 56% of revenue in the last quarter, another 20% of sales came from premium subscriptions and the remaining 23% was produced by advertising.
Yelp Director Sells $2,196,707 in Stock (YELP) (TickerReport)
Yelp Inc (NYSE:YELP) Director Max Levchin unloaded 35,198 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $62.41, for a total value of $2,196,707.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. A number of research firms have recently commented on YELP.
Facebook Probed on Privacy Issues (WSJ)
Regulators at the Federal Trade Commission are probing whether Facebook Inc (NASDAQ:FB) +0.36% violated users’ privacy rights when it overhauled company policies two weeks ago. On Aug. 29, the social network announced an update to the company privacy policy. In the update, the company stripped language that explicitly allowed users to limit how their names and profile pictures could be used for marketing. The new policy said that by signing up for Facebook, members—including minors—gave Facebook the right to use their personal data.
Yelp sues small San Diego law firm over alleged fake reviews (ArsTechnica)
Julian McMillan wants nothing to do with Yelp Inc (NYSE:YELP). He runs a small law firm in San Diego, California, focusing on bankruptcy law. And yet his business, like many others, has an entry on the reviews site. But on Tuesday, McMillan was served with a lawsuit from Yelp, alleging breach of contract, intentional interference with contract, unfair competition, and false advertising. In short, McMillan is being sued over supposed false Yelp Inc (NYSE:YELP) reviews posted from 2010 to 2012. The lawsuit was filed in late August 2013.
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