Facebook shares are posting their biggest single-day gain since going public, jumping 21 percent after the social media company made inroads in mobile advertising and posted accelerating growth in overall ad revenue.
Yelp’s stock is passing one of its biggest stress tests since the online business review service went public nearly six months ago.
After the social network’s stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the rest of the stock market rallied.
Facebook, the company that turned the Web social, has set a price range for an initial public offering of stock that values the company at up to $95 billion.
Unlike previous versions, which came shrink-wrapped in a box, Creative Suite 6 will be available on a monthly subscription basis as part of Adobe’s Creative Cloud offering.
San Francisco-based Splunk’s products help companies collect and analyze internal data. The company says it had more than 3,300 customers as of the end of October, including Bank of America, Comcast and online game maker Zynga.
Only one other company has been worth $600 billion—Apple’s old sparring partner Microsoft Corp. It reached that valuation for 13 trading days around the turn of the millennium, at the peak of the technology stock mania.
Home sales in the San Francisco Bay area reached a five-year high for January last month as prices and mortgage rates plunged, but many of those were so-called distressed sales.
The late freezes and untimely rain impacted California’s wine grape harvest just as vintners had predicted: The 2011 harvest was down 7 percent to 3.3 million tons.
This week, new rules issued by the Department of Transportation will go into effect that will further protect passenger rights.