Tag: Tumbles

58.com stock tumbles with fresh allegations

Last week, an investigation by The Paper has discovered that more than 5500 people have been named in cases of fraud involving 58.com in the past year. On Monday, the company’s official Weibo account responded the allegations, but offered no admission of culpability or apology, instead reiterating the various consumer protection and anti-fraud mechanisms that have been put in place over the past calendar year. …

LinkedIn’s Stock Tumbles On Weak Future Outlook

Although LinkedIn posted 35% revenue growth in Q1, its share price tumbled by around 20% post the earnings release, as the investors were disappointed with the future guidance. Specifically, the revenue forecast for Q2 2015 and the profitability …