Facebook, Inc. (NASDAQ:FB): Interpublic Group (NYSE:IPG) made an announcement that it sold the rest of its investment in Facebook (NASDAQ:FB) for net cash proceeds totaling $95 million. The company believes that it will record a pre-tax gain of $94 million. Additionally, Interpublic stated that its board authorized an increase in its current share repurchase program to $400 million, a rise from $300 million. As of September 30, $151 million was used under the authorization, and the share repurchase program does not have an expiration date.
LinkedIn Corporation (NYSE:LNKD): In India, the leading dream jobs for children were engineer, 18.6 percent, scientist, 9.4 percent, soldier 8.3 percent, airplane or helicopter pilot, doctor, nurse, or emergency medical technician, 6 percent, and teacher 5.7 percent, according to LinkedIn’s research. The research also shows that women in India claim that their childhood dream jobs were teacher 16.1 percent, doctor, nurse, or emergency medical technician, 14.5 percent, engineer 8.1 percent, scientist, 6.5 percent, and lawyer and soldier 4.80 percent.
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Zynga, Inc. (NASDAQ:ZNGA): Jonathan Flesher is the executive who is responsible for various business partnerships and celebrity deals, and he now has left he position of VP of business development at Zynga (NASDAQ:ZNGA), AllThingsD reports, citing sources.
Yelp, Inc. (NYSE:YELP) is a popular online review website, and it now totals 71 million monthly visitors. The website now has decided to use a computer filter as a means to assist in uncovering companies who attempt to buy fake positive reviews, and they are calling out the offenders and revealing the evidence to the world. Those companies who are confirmed to attempt fraudulent reviews are now given an alert. Vince Sollitto, Yelp’s vice president of corporate communications, stated, “One jewelry store was paying someone $200 [to write a positive review]…It kind of shows that this is an ongoing cat-and-mouse game. People are always going to try to game the system.”
Investing Insights: This Top Hedge Fund Thinks Groupon is a Buy.