price Archives - Elite Sites

Alibaba drop leaves stock pennies above IPO price

August 21, 2015 creative alibaba, alibaba-group, below-the-price, breaking-below, china, dropped-below, firm-the-second, global-slowdown, hangzhou, largest, potential-move, price, san, seen-inside, underwriters

By Noel Randewich SAN FRANCISCO (Reuters) – Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. A potential move below $68 would make China's largest e-commerce firm the second high-profile tech company to fall below its IPO price this week after Twitter Inc on Thursday dropped below its 2013 IPO price.

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California man, 19, charged with ‘revenge porn’ against girls

August 21, 2015 creative alibaba-group, china, dropped-below, extort-underage, man-accused, potential-move, price, social-networking, underwear

A 19-year-old California man accused of posing as a modeling agent to dupe and extort underage girls into sending him naked pictures was charged on Friday with more than 150 criminal counts in what prosecutors called a “revenge porn” case. Cesar Mauricio Estrada-Davila is accused of preying on 21 girls between the ages of 12 and 17 between January and April of this year, Los Angeles County Deputy District Attorney Jon Hatami said in a written statement. Hatami said Estrada-Davila befriended his victims on a social networking site, telling them he was a modeling agent who could make them famous and asking for pictures in their underwear.

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Zynga must face U.S. lawsuit alleging fraud tied to IPO

March 26, 2015 creative facebook, francisco, lawsuit, over-the-next, price, receivers-used, research-arm, several-billion, told-the-house, video-streaming, zynga

Zynga Inc must face a lawsuit that accuses the gaming company known for its “FarmVille” game of defrauding shareholders about its prospects before and after its December 2011 initial public offering.

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EU antitrust regulators to investigate ecommerce

March 26, 2015 publisher country-because, denmark, different-laws, digital, european, francisco, german, launch-the-year, lawsuit, over-the-next, parliament, price, receivers-used, several-billion, told-the-house

By Foo Yun Chee and Rene Wagner BERLIN (Reuters) – European Union regulators plan to investigate ecommerce to help remove barriers to cross-border trade in the 28-nation bloc, the EU's antitrust chief said, a move that may lead to action against companies which deliberately block online sales. European Competition Commissioner Margrethe Vestager said she decided to launch the year-long inquiry because such hurdles were hampering the growth of online sales. According to the European Commission, while one in two EU consumers shopped online last year, just 15 percent bought a product online in another EU country because of restrictions such as language, different laws and anti-competitive behavior, “It is high time to remove remaining barriers to ecommerce, which is a vital part of a true Digital Single Market in Europe,” Vestager told reporters at a conference organized by the German competition authority on Thursday

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Spotify expresses interest to raise $500 million: WSJ

January 29, 2015 admin citing-people, goldman, goldman-sachs, initial, matter, music-streaming, online, price, price-group, public-offering, spotify, street, street-journal, zenica

(Reuters) – Online music streaming service Spotify is working with Goldman Sachs for a new round of private fundraising which could potentially put off the initial public offering for another year, the Wall Street Journal reported, citing people familiar with the matter. Spotify is talking with investors who are known to buy into companies before a IPO, including mutual fund T. Rowe Price Group, the report said, citing people familiar with the matter.

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Google fourth-quarter revenue misses Wall Street target

January 29, 2015 creative goldman, greater-threat, mobile-devices, more-consumers, news, online-services, price, public-offering, revenue-grew, social-network, street, street-journal, zenica

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc's revenue grew 15 percent in the fourth quarter but fell short of Wall Street's target on declining online ad prices and unfavorable foreign exchange rates. Shares of Google edged up 0.1 percent to $510.66 in extended trading after an initial dip on the news