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News Byte

LinkedIn Shares Reach Record High

Mike Isaac in Social on March 13 at 1:41 pm PT

Not two days after Kara Swisher reported that LinkedIn would soon acquire the Pulse news reader app for more than $50 million, shares of LinkedIn were trading at a record high on Wednesday morning, reaching $181.47 at their peak before settling back down around $179, a gain of about 2 percent for the day. The company also reported record earnings last quarter, outperforming analysts’ expectations.

News Byte

Facebook COO Sandberg Sells $26 Million in Shares

Mike Isaac in Social on December 8, 2012 at 9:50 am PT

Sheryl Sandberg, chief operating officer of Facebook, sold nearly 1 million shares of company stock on Friday, according to an SEC filing. The sale comes after a strong November on the Nasdaq for Facebook shares, as the stock price rose nearly 40 percent over the past 30 days. Sandberg netted close to $26.2 million from the sale, though she still retains close to 20 million shares of company stock.

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Nokia and RIM Shares Jump in Wake of Apple Patent Win

Mike Isaac in Mobile on August 27, 2012 at 9:52 am PT

After Apple was handed a major victory last Friday in a patent case against Android smartphone maker Samsung, shares of Nokia, the predominant Windows Phone manufacturer, jumped nearly 9 percent on Monday morning. A possible reason for the sudden surge: Trouble for Samsung could be indicative of a larger problem for Android, so manufacturers of rival smartphone platforms may end up benefiting. Similarly, BlackBerry maker Research In Motion also saw a slight bump in shares on Monday, up almost 2 percent from its opening price.