Facebook Inc. (NASDAQ:FB) has made capital investments worth $1.6 billion in 2013 (PRCarbon)
Facebook Inc (NASDAQ:FB), a Social networking monster, whose user base is expanding primarily on the back of increasing penetration in emerging markets like India and Brazil, will make capital investments worth USD 1.6 billion this year. The California-based firm made a capital expenditure of USD 595 million on setting up data centres and storage infrastructure in the first half of this year. “We predict making capital expenditures in 2013 of approximately USD 1.6 billion,” Facebook Inc (NASDAQ:FB) said in a filing to US Securities and Exchange Commission (SEC).
LinkedIn Corp (LNKD) Continues to Impress (InsiderMonkey)
LinkedIn Corp (NYSE:LNKD) has gone up more than 100% over the past year. Top-line growth has been phenomenal and it seems to have a lock on the online professional network market. Furthermore, management is top-tier, which we’ll get to soon. All that said, LinkedIn Corp (NYSE:LNKD) might not be a great investment at this point in time. …LinkedIn Corp (NYSE:LNKD) is a monetization machine, and considering the company’s user base of approximately 225 million, this is a big deal. LinkedIn Corp (NYSE:LNKD) generates most of its revenue through Talent Solutions, where recruiters and potential job candidates are connected. LinkedIn Corp (NYSE:LNKD) recently made moves in an effort to improve ad revenue, which currently represents approximately 20% of total sales.
Google Relaunches Zagat App With Yelp In Mind (SearchEngineLand)
Last week Google Inc (NASDAQ:GOOG) killed the Google+ Local mobile app for iOS, saying that all the same content was available in Google Inc (NASDAQ:GOOG) Maps for iOS. Today the company announced the relaunch of the Zagat site and mobile app for Android and iPhone. …In the new app you can search for places, but search is largely de-emphasized. Discovery and “curated” content are front and center: “best of” lists and editorial roundups are the star. Google Inc (NASDAQ:GOOG) probably hopes the new app will help it further compete with Yelp Inc (NYSE:YELP), whose advantage over Google Inc (NASDAQ:GOOG) Maps is its content depth.
Facebook rises to highest since May 2012 as mobile ads gain (NorthJersey)
Facebook Inc (NASDAQ:FB) rose to the highest price since May 2012, the month of its initial public offering, amid optimism that the world’s largest social network can bolster sales from mobile advertising. The stock jumped 2.9 percent to $34.98 at 1:13 p.m. in New York, and earlier touched $35.07 for the highest intraday price since May 21, 2012, its second trading day. The share price rise is a turnabout for Facebook Inc (NASDAQ:FB), which hasn’t closed above the $38 IPO price since the day of its public debut. Its stock slumped as low as $17.55 in September.