Social News: Facebook Inc (FB)’s $1.6 Billion Deal, LinkedIn Corp (LNKD) & Yelp Inc (YELP)’s Content Depth

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Facebook Inc (NASADQ:FB) in Danger, Tencent’s WeChat Going Global (eFinanceHub)
WeChat, a Chinese instant messaging application developed by Tencent, the internet giant created in January 2011 has become very famous. We Chat has gained popularity in China so much that it took the Facebook Inc (NASDAQ:FB) mantle. WeChat already have 300 million users out of which 70 million are overseas. Tencent said that it was in a serious expansion mission we chat is no doubt going to be globalized very soon. In the first quarter of 2013, it was revealed that WeChat has earned US$645 million, up 16.8% from the last quarter. Its earnings from value added services were round about US$1.70 billion which surprisingly increased 13.6% quarter-by-quarter and 28.6% year-on-year.

Yelp Rating Reiterated by MKM Partners (YELP) (WatchListNews)
Yelp Inc (NYSE:YELP)’s stock had its “buy” rating reaffirmed by MKM Partners in a research note issued on Monday, Stock Ratings Network reports. They currently have a $55.00 price objective on the stock. MKM Partners’ price objective would suggest a potential upside of 30.64% from the company’s current price. …Shares of Yelp Inc (NYSE:YELP) traded down 3.47% during mid-day trading on Monday, hitting $40.64. Yelp Inc (NYSE:YELP) has a one year low of $16.32 and a one year high of $42.84. The stock’s 50-day moving average is currently $35.18. The company’s market cap is $2.619 billion.

Fake Nautical Restaurant On Tripadvisor Gets Glowing Reviews (Forbes)
One of the perennial arguments against Tripadvisor Inc (NASDAQ:TRIP) reviews and user generated content (UGC) is that it can be easily faked. Arthur Frommer specifically called out this problem when he relaunched his guidebook brands earlier this month; while UGC is great for collecting a broad spectrum of content quickly and cheaply, it also can be easily gamed. On sites like Tripadvisor Inc (NASDAQ:TRIP) and Yelp Inc (NYSE:YELP) -0.59% in particular, a single positive or negative review can make or break a company, and owners hope that feedback comes from earnest, engaged customers.




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