Yelp (YELP) stock plunged Wednesday after the crowdsourced review site posted weak guidance, triggering at least six ratings downgrades and five price target cuts. The company also announced that its co-founder and chairman is leaving the board of directors. Yelp stock was down 26% to 24.90 in late afternoon trading in the stock market today , its lowest point in more than two years. Since hitting a high of 101.75 in March 2014, Yelp has dropped
China has more people on the Internet than the U.S. and India combined, and yet its glass is not yet half full. Internet users in China reached 668 million at the end of June, up 6% from June 2014, according to a report from the China Internet Network Information Center. Still, that number equals less than half — 48.8% — of China’s population. In comparison, 88% of the U.S. population is online. The Internet penetration rate in urban areas of
Citrix Systems (CTXS) stock gapped up Wednesday to nearly a two-year high after the company late Tuesday announced changes at the top and posted a Q2 upside earnings surprise. Citrix Systems stock was up 9% in afternoon trading in the stock market today, near 76. Earlier, Citrix stock surpassed 76, reaching its highest price since September 2013. The maker of virtualization and other software announced late Tuesday that 14-year CEO Mark Templeton,