Facebook App To Facilitate Opentable Restaurant Reservations

Facebook (FB) and Opentable (OPEN) have announced a partnership under which Facebook will offer Opentable restaurant reservations through an integrated mobile app. This deal once again brings to the fore Facebook’s renewed efforts to leverage its increasingly popular mobile user base, which has crossed 140 million users, according to a recent release. The details of the revenue sharing agreement are not yet out but this deal is expected to bring more bookings to Opentable through its partner sites and comes at a time when Opentable is seeing increasing competition from Yelp, the social local review site.

Opentable Stock Chart
Source: Opentable stock chart by Amigobulls

View our Facebook stock analysis and Opentable stock analysis.

Other Interesting Articles:

♦ Analysts upgrade the Target Price for Rackspace

♦ ParFx and Equinix in a new deal

♦ Blue Nile: The reins change hands

♦ Baidu: All set for a bull ride

Read our Newsletter here - Facebook Video Ads

Show Full Article
5 2
Is this article helpful ?    

Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

show more

Comments on this article and OPEN stock

Do share this awesome post