Cramer: Kids Like Twitter More Than Facebook, Shares Continue Free Fall
Shares of Facebook (NASDAQ:FB) hit new lows Friday near $18, as BAML drops its price target to $23 from $35, pointing to future lockup impacts; the next big expiration date is November 14th. But far more damning (right now) for Facebook is a quote by Jim Cramer: “Many are tired of it. When you drop off kids to school, you learn they like Twitter a heck of a lot more than Facebook.”
Google Inc. (NASDAQ:GOOG) has awarded a contract to Workday to provide it with the search engine with its online HR tools, according to Bloomberg, which added that Workday’s products would supplant portions of Google’s own in-house software. The former filed an S-1 on Thursday, ahead of an initial public offering.
Samsung (SSNLF.PK) wins a battle in its war with Apple (NASDAQ:AAPL), as a court in Japan has decided that its devices do not infringe an Apple (NASDAQ:AAPL) patent that covers the synchronization of music and video content with servers, and also rejected Apple’s request for injunctions on 8 Samsung Android phones. In response, Samsung shares rallied by 1.5 percent in Seoul, and have now gotten back the majority of the losses seen Monday due to Apple’s historic California victory.
Zynga (NASDAQ:ZNGA) has recruited the online gambling executive Maytal Ginzburg to become its top operating officer in charge of new markets. Ginzburg has been senior vice president of regulated markets for the real-money gaming portal 888.com, and his hire comes as Zynga promises to introduce real-money games in international markets in the first half of next year, and also accelerates its endeavors to get online gambling legalized in the United States. Good luck with that.
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