4 Tech Stock Stories for a Tuesday Scan

Facebook (NASDAQ:FB): Current price $26.82

CNNMoney reported that Facebook is permitting certain of its users in almost 40 countries access to a trial service that will charge them a fee for sending direct, personal messages to persons outside their network, meaning that if one been trying to get in touch with a favorite celebrity or a secret crush in the office who doesn’t know his or her name, Facebook could be able to assist. The social media giant has been testing the pay-to-message concept for a while now the United States. The price for sending a direct Facebook message will vary due to several different factors, which include the popularity of the person one is attempting to contact and how many other messages are sent to them.

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FB

Groupon (NASDAQ:GRPN): Current price $5.97

On Tuesday, Groupon announced the appointment of Sri Viswanath as its senior vice president of engineering and operation; in that capacity he will report to interim Chief Executive Eric Lefkofsky, who commented, “We are extremely excited to add someone of Sri’s reputation, talent and vision, Lefkofsky said. Technology is at the center of our mission to surprise and delight consumers every day with unbeatable deals when they are out and about. Sri’s addition will help us further cement Groupon as a daily destination for consumers across the world.” Viswanath joins Groupon from VMWare (NYSE:VMW), where he served as vice president for research and development for mobile computing.

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GRPN

Apple (NASDAQ:AAPL): Current price $426.36

Canaccord Genuity reports that Apple’s iPhone sales have surpassed some estimates in the fiscal second quarter in the midst of strong demand for older models, prompting the research firm to elevate its projection by 7.2 percent to 37 million units. Analyst Michael Walkley at Canaccord wrote that for the fiscal third quarter ending in June, Apple will likely sell 27 million iPhones, up from a prior projection of 25 million, and that the average price for the iPhone probably dropped to $601 in the second quarter, which ended in March, because more users than anticipated bought the reduced-cost iPhone 4S and iPhone 4 handsets. The iPhone is Apple’s number-one selling product, comprising over half of total revenue.

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AAPL

Google (NASDAQ:GOOG): Current price $782.12

Two years ago, Google announced that it would bring Google Fiber to Kansas City to demonstrate what is possible with super-fast Internet access, and since November homes there have been connecting with gigabit Internet 100 times faster than today’s average broadband performance. On Tuesday, Mayor Lee Leffingwell of Austin said that his city is becoming a Google Fiber city. The company said on its Google Fiber blog that “it’s a mecca for creativity and entrepreneurialism, with thriving artistic and tech communities, as well as the University of Texas and its new medical research hospital. We’re sure these folks will do amazing things with gigabit access, and we feel very privileged to have been welcomed to their community.”

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GOOG

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