Morning Beat: Facebook Inc (FB), Apple Inc. (AAPL), And Twitter Inc. (TWTR)
Markets across Asia traded in flat to negative territory except China’s Shanghai which closed up by 3.69 percent. Europe is trading in red while markets in Greece continued their downward journey.
Facebook Inc (NASDAQ:FB)’s Instagram opens its API for advertisers. With the opening up of API companies will now be able to share access among team members, schedule, and publish on Instagram. Also, companies will be able to promote their campaigns across various networks including Facebook Inc (NASDAQ:FB) and Twitter Inc. (NYSE:TWTR).
According to reports from Business Insider, Apple Inc. (NASDAQ:AAPL) is in talks with telecom companies in Europe to launch mobile virtual network operator (MVNO) service. Apple Inc. (NASDAQ:AAPL) had filed patent for MVNO way back in 2006. The company had earlier launched its own SIM in 2014 in an effort to become a gateway for telecom companies. Not only that the company is also testing a voicemail transcribing service which will use SIRI.
Investors sold off shares of Twitter Inc. (NYSE:TWTR) over concerns about company’s future. The selloff in stock has given rise to speculation that Google Inc (NASDAQ:GOOGL) might think about buying the company after yesterday’s selloff as valuation looks attractive. Considering, Google’s Google+ is almost dead. It won’t be a bad idea for the latter to think of Twitter Inc. (NYSE:TWTR) in order to compete with Facebook Inc (NASDAQ:FB).
Toyota Motor Corporation (ADR) (NYSE:TM) reported record profit of $5.2 billion. Foreign exchange rates and cost cutting helped the company to report stellar numbers. However, Toyota Motor Corporation (ADR) (NYSE:TM) continues to struggle when it comes to vehicle sales as the growth in that aspect is slow. The company has raised the guidance for FY16 to 8.95 million units from 8.90 million units.
Jeffrey Smith of Starboard Value LP reported 8.7 percent stake in MedAssets, Inc. (NASDAQ:MDAS) in latest 13D filing. The activist investor has demanded overhauling of the board and operations of the company. Mr. Smith thinks that MedAssets, Inc. (NASDAQ:MDAS) is deeply undervalued in a six page letter.
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