|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||42.84 - 43.98|
|52-week range||26.93 - 48.40|
|PE ratio (TTM)||194.52|
|Earnings date||7 Feb 2018 - 12 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||46.62|
In about six months, Facebook’s photo-sharing app, Instagram, doubled its active advertiser base to 2.0 million. Facebook’s chief marketing officer, Gary Briggs, spoke at a recent technology (QQQ) summit hosted by Wells Fargo. According to Briggs, the number of business pages on Facebook is more than ten times the number of advertisers on the platform today.
Facebook’s (FB) marketing expenses have increased steadily over the last five quarters. In 3Q17, its marketing expenses rose 26.3% YoY (year-over-year) to $1.2 billion. This trend helped drive up Facebook’s overall cost and expenses by 34% YoY in the quarter.
In 3Q17, Facebook (FB) spent roughly $2.1 billion on product development, compared with a little over $1.9 billion in 2Q17 and ~$1.5 billion in 3Q16. The company’s innovation budget has been swelling steadily in recent years, with product development spending rising from $1.4 billion in 2013 to $5.9 billion in 2016. What are the results of Facebook’s active focus on innovation?
Facebook (FB) has recently updated its policies on video sharing, including those for video distribution on the platform, ad breaks, and pre-roll ad format testing. Facebook has updated its News Feed setting to show the videos people want to watch. This update will show more videos from the same advertiser, bringing friends and communities with mutual interests together.
Yelp shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
Alphabet Inc. is considering selling the Zagat restaurant-reviews property six years after acquiring it. Google, which reportedly paid more than $100 million for the property, has talked with multiple ...
Yelp continued to add to its cash holdings in 3Q17, exiting the quarter with an even stronger balance sheet, which could support investments in more growth.
Yelp continued to operate profitably in 3Q17. The company posted a net profit of $8.0 million that quarter, indicating 300% YoY (year-over-year) rise.
Yelp’s (YELP) costs and expenses, including costs of revenue, came to $215.6 million in 3Q17, indicating a 17% YoY (year-over-year) rise.
Yelp recorded growth across all its three of its revenue segments in 3Q17. Advertising, its largest revenue segment, recorded revenue growth of 18% YoY.
Grubhub (GRUB) benefits from diverse restaurant base, broader marketing reach and consistent improvement in product portfolio.