Recent IPO Weibo’s (WB) stock rose Tuesday after T.H. Capital initiated coverage of the company with a buy rating, saying user growth worries have eased. The firm set a price target of 24 on Weibo stock. Weibo runs a Chinese-language microblogging social network, much like Twitter (TWTR)or Facebook (FB). Weibo — ‘microblog’ in Chinese — was spun off by Chinese Web portal Sina (SINA), which reduced its stake in the company to 56% from 78% but
Twitter stock hit its best level in nearly six months Monday after the messaging service said that it was moving into e-commerce by installing a “buy” button to let users make purchases directly from certain Tweets. “This is an early step in our building functionality into Twitter (TWTR) to make shopping from mobile devices convenient and easy, hopefully even fun,” the company said in a blog post on Mondayabout the new service,
Twitter (TWTR) stock touched a nearly six-month high Monday after the messaging service announced that it was moving into e-commerce by installing a “buy” button to let users make purchases directly from certain Tweets. “This is an early step in our building functionality into Twitter to make shopping from mobile devices convenient and easy, hopefully even fun,” the company said in a blog post on Mondayabout the new service, which is being