Twitter’s stock has increased almost 30% in after-hours trading after Twitter Inc (NYSE:TWTR) reported its second quarter revenue increased 124% to $312 million from the same quarter a year ago. Wall Street was not expecting Twitter to report these solid numbers.
Apple has launched new 13-inch and 15-inch Retina MacBook Pros. The new laptops have faster versions of Intel’s Haswell processors. The 13-inch models have 8GB of RAM standard and the 15-inch models now have 16GB of RAM.
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Microsoft has launched a new ad that shows the Windows Phone digital assistant battling against Apple Siri. The ad features the iPhone 5S going against the Nokia Lumia 635. Of course, Siri is not able to complete the tasks.
Zillow is acquiring Trulia for $3.5 billion in stock. Combined, Zillow and Trulia will run a giant repository for online listings for real estate values. As part of the deal, Zillow will pay 0.444 of one of its shares for each share in Trulia. The deal is worth $70.53 per share of Trulia, which is a 25% premium. In June, Zillow reported 83 million users across the web and mobile devices, while Trulia reported 54 million.
Apple Inc. (NASDAQ:AAPL) is currently in talks to acquire Swell, a “Pandora for talk radio.” Swell curates podcasts and sorts them into a personalized stream so it acts like a recommendation system. The deal is reportedly worth around $30 million.
Apple has confirmed that it has acquired book analytics company BookLamp, which is known as the “Pandora for Books” in April. According to sources with the acquisition, Apple acquired BookLamp to offer better discovery and analytics for its e-book store.
Zillow Inc (NASDAQ:Z) is rumored to be in talks to acquire Trulia Inc (NYSE:TRLA). This would create a dominant search website for people that are looking for houses in the U.S. Zillow is the largest real estate website and it would acquire the second largest for $2 billion in cash and stock, according to sources with Bloomberg.
On Wednesday, Facebook announced its second quarter earnings after the stock market closed. Facebook reported a net income of $791 million (30 cents per share). Non-GAAP earnings were 42 cents per share on revenues of $2.91 billion, which is an increase of 61% from the same quarter last year.