Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), LinkedIn Corp (NYSE:LNKD), Yahoo! Inc. (NASDAQ:YHOO), Yelp Inc (NYSE:YELP), Wal-Mart Stores, Inc. (NYSE:WMT), AT&T Inc. (NYSE:T), Groupon Inc (NASDAQ:GRPN), American Express Company (NYSE:AXP), Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG)
Facebook Inc (NASDAQ:FB) is considering launching legal action against a small Dubai hairdressers – that is named Facelook. Not only does the name resemble the social network giant’s but its logo is also strikingly similar. The men’s salon has simple white lettering on a blue background, just like the iconic branding of Facebook Inc (NASDAQ:FB). Now the company, which is based in California, said it is investigating whether the hairdressers has breached its intellectual property rights. However the owner of Facelook, based in Discovery Gardens, said any similarity was a coincidence.
Ban kids below 13 years, court tells Facebook (NewsTrackIndia)
The Delhi High Court Tuesday asked social networking site Facebook Inc (NASDAQ:FB) to upload a disclaimer on its home page that children below the age of 13 years cannot open an account on it. A division bench of Acting Chief Justice B.D. Ahmed and Justice Vibhu Bakhru asked Facebook to not allow children under 13 years from opening an account. Senior advocate Parag Tripathi appearing for Facebook Inc (NASDAQ:FB) assured the court that the site “will upload the disclaimer on its home page that children 13 years can not open the account”. “You (Facebook) can write on the home page in bold letters that children below 13 are not allowed. There is no harm in doing this…,” the court said.
The Money Making Side of Facebook (LowCards)
Facebook Inc (NASDAQ:FB) may be free to use, but that doesn’t mean it’s not a money making machine. A new infographic from GreatBusinessSchools.org reveals where this money is coming from, totaling over $1.5 billion per quarter in advertising alone. Facebook accounted for 6.5% of all online advertising dollars spent in the United States in 2012. Gaming ads have been the most popular revenue sources for Facebook Inc (NASDAQ:FB), with Zynga and EA representing the top two advertisers on the site. Wal-Mart Stores, Inc. (NYSE:WMT), AT&T Inc. (NYSE:T), Groupon Inc (NASDAQ:GRPN) and American Express Company (NYSE:AXP) are all part of the top 10, and the financial services sector makes up 50% of Facebook Inc (NASDAQ:FB)’s ad revenue.
LinkedIn, not Apple, takes big Peery-Arrillaga lease in Sunnyvale (BizJournals)
Remember last year, when we told you that Apple Inc. (NASDAQ:AAPL) was going into the 125,000-square-foot office building that Peery-Arrillaga was building on the former US Post Office in Sunnyvale? Well, here’s an update. The actual tenant? It’s not Apple Inc. (NASDAQ:AAPL). It’s LinkedIn Corp (NYSE:LNKD). Sources with direct knowledge of the deal say the business-networking juggernaut has signed a long-term lease with Palo Alto-based Peery-Arrillaga for the building at 580 N. Mary Ave., which is deep into construction. The transaction is also listed as one of the top lease deals of the second quarter in the latest brokerage report from Cornish & Carey Commercial Newmark Knight Frank.
SunTrust Initiates Coverage on LinkedIn Corp. (LNKD) (Zolmax)
Equities researchers at SunTrust assumed coverage on shares of LinkedIn Corp (NYSE:LNKD) in a research report issued on Monday, AnalystRatings.Net reports. The firm set a “neutral” rating on the stock. The analysts wrote, “We are initiating coverage of LinkedIn Corp (NYSE:LNKD) with a Neutral rating and a $215 2014 year end price target. Our target is derived around a central tendency of value methodology that analyzes SaaS historical multiples as well as current and applied forward multiples of 35x EV/EBITDA, 60x P/E, 60x P/FCF, and 9.5x EV/Revenues.
