Business

This week in tech stock: All press is good press for Samsung, Facebook

Not to toot or own horn, but we’re gonna toot our own horn for a minute: As this week dawned we broke a huge story revealing Samsung’s latest gadget several days ahead of its launch.

Samsung was naturally not too happy with us (or our source) in the aftermath, but the company ended up getting a huge boost of publicity leading up to the launch. Once the confirmed product hit the web, investors gave the stock price a nice 3 percent boost.

Facebook also had to do a bit of PR work to show how Parse, its recent acquisition and most interesting foray into developer products, is paying off. One exec told us that Facebook is now 100 percent focused on mobile development (as opposed to desktop development). And CEO Mark Zuckerberg gave Parse the highest possible praise when he said that he wished the service had been around when he started Facebook.

All that added up for a nice 4.5 percent uptick for Facebook stock.

Apple’s still struggling to see much stock price growth in spite of the rapid and rabid circulation of iPhone rumors (we’ll be at the announcement event next week, when investors will really start to take notice).

Finally, Microsoft and Nokia announced an acquisition deal on Monday. The stock market responded with a resounding “meh,” with Nokia stock slumping by three quarters of a percent and Microsoft slouching down 2 percent.

Here’s a chart for ya, with all fluctuations represented in percent change:

SSNLF Chart

More information:

Apple designs and markets consumer electronics, computer software, and personal computers. The company's best-known hardware products include the Macintosh line of computers, the iPod, the iPhone and the iPad. Apple software includes t... read more »

Microsoft Corporation is a public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through ... read more »

Nokia’s mission is simple: Connecting People. Our goal is to build great mobile products that enable billions of people worldwide to enjoy more of what life has to offer. Our challenge is to achieve this in an increasingly dynamic an... read more »

Facebook is the world’s largest social network, with over 1.15 billion monthly active users. Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard students. It was a huge hit: in 2 w... read more »

Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung brand, and is the largest Sout... read more »

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