The second week of September saw its share of interesting developments in the world of internet companies. The week saw EBay Inc.’s (NASDAQ:EBAY) acquisition of decide.com, a start-up analyzing online sales price data. EBay will use the decide.com team to provide data analytics support to eBay sellers to enable them to better understand their buyers. eBay has remained tight lipped about the acquisition value paid but it is known that the start-up had earlier raised close to $17 million of funding from VC firms. eBay stock saw an increase of 2.3% in the four days of trading post the acquisition announcement. View our eBay stock analysis.
The week also saw the launch of Yahoo! Screen, Yahoo Inc.’s (NASDAQ:YHOO) video app. The company, under Marissa Mayers, has been focusing on becoming a personalized service and getting more share of the time people spend on the internet. Yahoo! Screen is yahoo’s attempt to benefit from the increasing time people are spending online watching and surfing video. The company also launched eight new TV series which will be broadcast on Yahoo Screen. The Yahoo stock price moved up by 3.3% over the last week closing the last trading session at $29.26.
Another exciting and significant event last week saw the eagerly awaited launch of the new iPhones (5S and 5C) by Apple Inc. (NASDAQ:AAPL). The company announced a few new features in the iPhone 5S, but its pricing of the iPhone 5C took everybody by surprise. The company has been getting criticism for its price of the 5C, which was far higher than expectations. The apple stock price has taken a hit, having fallen 5.82% in three days following the new releases.
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