Yelp’s stock price dropped an alarming 8 percent following the announcement of Facebook’s Graph Search.
Apple’s share price on the Nasdaq stock exchange reached a new all-time high of $648.02 at the end of trading today, a sign investors are enthused about the rumored next-gen iPhone, Apple television, and smaller iPad.
Groupon’s stock took a sharp turn today, falling 20 percent in after hours trading. The daily deals company missed Wall Street estimates in its second quarter earnings.
The sixth-biggest investor in mobile device maker Research in Motion (RIM) told Bloomberg on Friday that it had sold more than half of its holdings in RIM due to market share loss.
Vacation home rental site HomeAway on Thursday priced shares for its initial public offering between $24 and $27, which values the company at a surprisingly robust $2 billion. The company wants to raise as much as $248 million in its offering.