Colin Sebastian News
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Google Inc.’s $12.4 billion purchase last year of mobile-phone pioneer Motorola Mobility Holdings partly for its trove of more than 17,000 patents is showing signs it wasn’t much of a bargain.
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Zynga Inc. rose the most in more than a month after unveiling two real-money games for adults in the U.K., pushing into online gambling to make up for slowing growth in other forms of social gaming on the Internet.
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EBay Inc. forecast 2015 sales that topped analysts’ estimates and said it expects the total volume of merchandise sold in its marketplace to reach $110 billion by that year as the online retailer adds users and mobile tools.
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Zynga Inc. rose the most in more than a year after unveiling two real-money games for adults in the U.K., pushing into online gambling to make up for slowing growth in other forms of social gaming on the Internet.
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EBay Inc., operator of the world’s largest online marketplace, fell the most in more than four months after Colin Sebastian, an analyst at Robert W. Baird, said growth slowed in February as consumers curbed spending.
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Zynga Inc., the biggest developer of games for social-networking sites, climbed 26 percent in two days, boosted by Facebook Inc.’s initial public offering filing.
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U.S. stocks rose, extending the Dow Jones Industrial Average’s record high, as a private report showed companies took on more workers than estimated and the Federal Reserve said the economy is growing.
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EBay Inc., the largest online marketplace, forecast fourth-quarter sales and profit that missed some analysts’ estimates as the company’s efforts to woo developers and strengthen payment services erode profitability.
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Amazon.com Inc.’s escalating pursuit of Apple Inc. squeezed its profit forecast for this quarter, prompting investors to erase $13 billion from the company’s market value.
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EBay Inc. shares fell as much as 6.2 percent after the largest online marketplace forecast sales and profit that missed some analysts’ estimates, as efforts to woo developers and strengthen payment services erode profitability.
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