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Groupon Inc (NASDAQ:GRPN)’s $43 million Purchase Shows Desperate Search for Solution

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Soon after signing a partnership with Facebook Inc. (NASDAQ:FB) that would increase the Russian Internet company, Yandex NV’s, public information access, shares of Yandex went up in New York; the search engine’s share volume doubled in 2013. Facebook Inc. Shares of Facebook Inc. (NASDAQ:FB) went up as high as $57.58 during the trading day after kicking off the day’s session at a value of $56.46; the stock took a jump by 3.27% and ended at $57.74; the stock’s range over 52 weeks was between $56.10 and $57.78 whereas its market capitalization is marked at $140.62 billion. Facebook Inc. (NASDAQ:FB) stock had an overall share volume of 37.59 million during the session whereas its average share volume is 67.44 million.

Jeff Weiner, chief executive of LinkedIn’s tweet on Monday revealed that Google Inc.’s government affairs and Public Policy’s senior director Pablo Chavez, is now the vice president of LinkedIn Corp (NYSE:LNKD) public policy. Chavez was chief counsel in Senator John McCain’s office and then part of Google’s GOOG +0.10% public affirs and public policy team for seven years before joining LinkedIn Corp (NYSE:LNKD). Shares of LinkedIn Corp (NYSE:LNKD) went up as high as $216.98 during the day’s trading after kicking the session off at $214.90; the stock took a jump by 1.26% and closed at a value of $216.22. LNKD’s range for the day was between $212.56 and $216.98 with market capitalization of $24.24 billion. Stock’s overall share volume was 1.37 million during the last session of trading whereas its average share volume is 1.89 million.

According to Analyst Ratings Network.com, a report that came out on Monday showed Goldman Sachs Group Inc’s reiteration of a positive assessment of Twitter Inc. (NYSE:TWTR) shares. On January 14, 2014, Twitter Inc. Shares of (NYSE:TWTR) indicated an upward trend by 0.67% and ended at a value of $58.328 in the last session of trading; the stock’s range over 52 weeks was between $38.80 and $74.73. It recorded $32.32 billion in market capitalization. Twitter Inc. (NYSE:TWTR) has outstanding shares of 555.20 million in its share capital and total share of volume 14.81 million during the last day’s trading.

Wunderlich increased the price target to $90 for the shares of Yelp Inc. (NYSE:YELP) after seeing its higher earning approximations; the stock has a Buy ranking. Shares of Yelp Inc. (NYSE:YELP) had a share volume of 3.75 million in the last day’s trading whereas its average share volume is 2.55 million. The stock kicked off its trading session at a value of $77.25 and went up as high as $81.57 before closing at $ 81.40.

Groupon Inc (NASDAQ:GRPN) paid $43 million to acquire Ideeli after the indication that sites of “flash sale” were struggling. Since Ideeli collected venture capital money of $107 million between 2007 and 2013, its shareholders suffered losses, but Groupon Inc (NASDAQ:GRPN) is well-known for getting discounts. The company’s stock ended at a value of $11.41 in the last day’s trading session. Institutional ownership of the stock is 63.90% whereas its insider ownership is 8.30%. GRPN has outstanding shares of 666.43 million in its share capital out of which 494.38 billion are floating in the market.

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