Google (GOOG) reports its second quarter earnings on Thursday, and while its first quarter report revealed a slight decline in its expenses from the fourth quarter, costs were well up from a year earlier, approaching three billion dollars.
Twitter has been one of the more speculated on takeover targets over the past several weeks, with many predicting that Google will eventually come calling as it looks to beef up its social media capabilities.
Its been a brutal week for social media stocks, with LinkedIn (LNKD) joining Twitter and Yelp in big beatdowns.
Wall Street analysts are growing pessimistic on Twitter’s business model
Twitter says it is buying MoPub, a mobile-focused advertising company, as it works to expand its advertising reach ahead of an expected initial public offering that could come as soon as this year.
Facebook says its net income and revenue grew in the first quarter of the year, helped by an increase in mobile ad revenue.
San Francisco police said traffic was disrupted in the city’s South of Market area Saturday afternoon when an advertising banner fell off a plane and landed on some power lines.
Internet radio company Pandora is adding more functionality to its mobile apps as the race to grab a larger share of mobile advertising dollars heats up.