Facebook Inc. Chief Executive Officer Mark Zuckerberg keeps telling investors he’s building a “mobile first” company. They finally got the message, sending the shares to the highest close since their debut trading day.
Yahoo! Inc. surged after firing Chief Executive Officer Carol Bartz, whose reign was marked by falling sales, lost share to rivals and a dispute with Asian partners that stunted growth in the world’s largest Web market.
Warner Bros. is offering an online rental service on Facebook Inc., giving the studio a new way to distribute films amid concerns by parent Time Warner Inc. that Netflix Inc. devalues movies and TV shows.
Yahoo! Inc. investors put off by a stock price that has barely budged this year are urging Chief Executive Officer Marissa Mayer to buy back shares rather than pay a dividend with the $3 billion raised from selling a stake in Alibaba Group Holding Ltd.
Netflix Inc., scheduled to report fourth-quarter results today, will seek to reassure investors that it has stemmed a subscriber revolt in the U.S. and is making progress toward a profit in Europe and Latin America.