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Zillow revenues increase 69% in Q2 as visitors top 60M for July: Losses hit $10M on acquisition, marketing costs

The red-hot U.S. housing market is helping Zillow, which posted strong revenue and traffic gains during the second quarter. The Seattle online real estate company posted revenue of $46.9 million for the quarter, a 69 percent increase over the same period last year. But the growth, is coming with a cost, namely in losses, which… Read More

David Einhorn

Hedge fund guru David Einhorn bails on Microsoft, compares stock to A-Rod and calls Windows 8 ‘a flop’

David Einhorn, the outspoken hedge fund operator who once called for Microsoft Steve Ballmer to step down, has officially tossed in the towel on the company after seven years. In a letter to partners, Einhorn explains why they dumped the stock, noting a comparison to beleaguered baseball player Alex Rodriguez. He also said they made a… Read More

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Shares of F5 surge after profits reach $68.2 million

Shares of F5 Networks took off in after hours trading following the company’s quarterly earnings announcement. F5, a maker of hardware and software products that speed up the delivery of applications, posted revenue of $370.3 million, up six percent over the previous quarter. Net income came in at $68.2 million, up from $63.4 million in… Read More

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Big data startup Minetta Brook scores $2M to analyze stock news

Minetta Brook, a big data startup led by Deepak “DB” Bharadwaj and Prabhu Venkatesh, has raised $2 million in seed funding to continue work on its first product for the financial services sector. “We have built the world’s first automated real-time discovery engine for fast extraction of relevant streaming information and indirectly referenced content,” said Bharadwaj, who previously… Read More

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Study: Gain more Twitter followers by being confident with predictions, not accurate

Here’s a way to get more Twitter followers: Exude confidence. That’s the finding from a study done by a pair of doctoral candidates in economics at Washington State University who analyzed more than one billion tweets during the 2012 baseball playoffs and the 2013 Super Bowl. Jadrian Wooten and Ben Smith created a software program that looked at… Read More

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Microsoft, other tech stocks surge as Nasdaq hits high

The week is starting out well for many tech stocks, with Microsoft gaining more than two percent and Apple — which has been battered so far this year — up more than three percent. The tech-heavy Nasdaq also is doing well, up nearly a percent at 3,311. That’s a 12-year high, according to Marketwatch. Meanwhile,… Read More

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Wow, some analysts think Zillow could zoom to $70

Earlier this week, Zillow chairman Rich Barton declared how the Seattle online real estate company is leading a revolution. Wall Street seems to be buying into that vision. Not only has the stock doubled in value in the past three months, several analysts have raised their price targets on the company.  The stock is now… Read More

[Photo via Julien Gong Min]

OK, we still don’t really get why Zillow was removed from the Nasdaq Internet Index (and Trulia was added)

I was perplexed earlier this week when NASDAQ OMX Group announced plans to remove Zillow from the NASDAQ Internet Index — noting that the publicly-traded Seattle online real estate company was no longer considered an Internet company. Now, here’s where the story took a bizarre turn. At the same time that Nasdaq dropped Zillow, it added Trulia to the… Read More

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Cramer vs. Cramer: ‘Mad Money’ host changes his tune on Zillow

CNBC talk show host Jim Cramer is known for his loud and outrageous on-screen antics, and earlier this week the “Mad Money” host turned his attention to three real estate companies that recently completed IPOs: Zillow, Trulia and Realogy. Cramer is pretty adamant that investors should avoid Zillow and Trulia, instead taking a closer look… Read More

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Chicago hedge fund discloses 6.1 percent stake in Zillow

Citadel, the Chicago hedge fund led by billionaire financier Kenneth Griffin, has filed documents with the SEC disclosing that it owns 6.1 percent of Seattle online real estate company Zillow. The filing comes as Zillow’s stock continues to slump, though it is up nearly three percent in trading today at about $26 per share. The… Read More

f5

Shares of F5 Networks take a big hit after earnings miss

Shares of F5 Networks tumbled more than 10 percent in after hours trading today after the Seattle maker of networking equipment and software missed its fourth quarter numbers and scaled back its projections for the current quarter. The company posted revenue of $362.6 million for the fourth quarter, up 3 percent from the prior quarter and… Read More

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Shares of Google tank, trading halted after earnings report

Shares of Google are tumbling today after the search giant released quarterly earnings in which the company reported revenue of $14.10 billion, a 45 percent increase. However, net income fell from $2.73 billion to $2.18 billion during the third quarter. And operating income also declined. The company, which now has $45.7 billion in cash and… Read More

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Clearwire may choose to delay LTE network build out

An SEC filing from Clearwire indicates that the Bellevue-based broadband wireless provider may elect to delay its transition to a higher performance long-term evolution (LTE) network. The company has said that it plans to transfer about 5,000 of its WiMax sites, most in densely populated areas, to the new Time Division Duplex LTE network by… Read More

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Shares of Zillow sink after analyst says prospects stink

Shares of Zillow are taking a beating today after a financial research firm questioned the Seattle online retailer’s business prospects. Citron Research said in its report that the “willowy story Zillow has been telling Wall Street is completely inconsistent with company’s underlying business metrics.” Zillow’s stock is down more than five percent, though it is still… Read More

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Clearwire shares sink as Time Warner plans to sell stake

Shares of Clearwire slumped more than eight percent today after Time Warner Cable announced plans to sell its stake in the Bellevue broadband wireless provider. The Associated Press reports that Time Warner Cable plans to sell its 7.8 percent stake, perhaps as early as Monday. The news was first reported in a SEC filing Friday, and shares… Read More