Dell reported its earnings for the second quarter with revenue declining 8% to around $14.5 billion and operating income dropping 21% to $0.9 billion.
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Facebook ‘s stock has tanked nearly 6% to less than $20 as its lockup period has partially expired and the free float has expanded significantly.
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Groupon announced its earnings for Q2 2012, with revenue improving 45% to $568 million, and operating income up to $46.5 million.
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Facebook’s stock has been completely hammered in the last week, after it reported its earnings for Q2 2012, and is now trading around $20.
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Yelp posted its Q2 2012 earnings with revenue growing to $32.7 million, up 67% year-over-year. It also posted a net loss of around $2 million.
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Alibaba, the Chinese e-commerce giant, is raising close to $8 billion, in order to buy back nearly 20% of its stake from Yahoo for $7.1 billion.
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Google has acquired Wildfire, a social media marketing and advertising startup, which enables brands to advertise on social platforms like Facebook, Twitter, LinkedIn, Google+, Pinterest etc.
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The New York Times reported flat Q2 earnings, with revenues of $515 million with advertising contributing nearly $244 million and circulation contributing $233 million to the mix.
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Samsung reported record quarterly earnings in Q2 2012, with revenue of $41.8 billion and operating profits of $5.9 billion.
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Amazon has reported its earnings for the second quarter of 2012, with revenue growing 29% to $12.83 billion, but operating profit declining to $107 million.
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Facebook has just reported its second quarter financial results, which includes revenues of $1.18 billion, and earning per share of $0.12. This is Facebook’s first-ever quarterly earnings after the company went public with its IPO in May 2012.
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