Microsoft Corporation Surface Book Is A Blow To Its OEM Partners
Microsoft Surface Book is an impressive Windows 10 laptop, but it begs us to ask the question; is the company going against its OEM partners?
LinkedIn’s services were down yesterday, just after Microsoft acquired the professional social network for $26.2 billion, reports Venture Beat. Some of LinkedIn’s users reported that they received an error when they tried to access the professional networking forum.
When news broke out that Microsoft may buy LinkedIn for over $26B, it took everyone by surprise. It was unclear why a company like Microsoft would be interested in a social network platform such as LinkedIn, that too in the form of the most expensive acquisition till date. The answer is quite simple; acquisition of LinkedIn could be one of the smartest moves made by the company, considering how their acquisition of Nokia failed.
In an act of generosity, LinkedIn CEO Jeff Weiner has distributed his annual equity package of about $14 million to the company’s employees. Last year, Weiner received $13 million in stock in the annual equity package. According to a filing to the Securities and Exchange Commission (SEC) outlining the compensation packages of its executives, the document of CEO Jeff Weiner was excluded on his request.
In a press release on Thursday, the professional network company LinkedIn released its third quarter fiscal year 2015 (Q3FY15) results that showed a healthy performance by the company with a strong Q4 guidance. The outstanding performance has again beat consensus revenue and earnings estimates maintaining the consecutive beat record for the last nine quarters.
LinkedIn Corp. posted earnings beat in after-market trading on Thursday, thus sent its shares skyrocketing. While the company closed at $217 on the same day, it may very well trade up to $243, as indicated by pre-market movement today.
LinkedIn Corp. agreed on Friday to settle a 2013 lawsuit by paying $13 million, in an email notifying its eligible users who were likely affected by its Add Connections feature, considered an added spam.
Shares of LinkedIn Corporation (NYSE:LNKD) haven’t managed to close in the green yesterday, unlike majority of its peers whose stocks surged. Twitter (NYSE:TWTR) stock, for instance, climbed upwards by as much as 7% on Friday’s trading session, while S&P index grew 1.43%. The major blow to the stock was given immediately when the markets opened last day, which saw it tumbling from almost $190, on Thursday’s closing, to just over $183, a decline of over 3%. But since then share price steadily moved upwards till its closing state of just over $189.
An application by the name of ‘Peeple’ is expected to be released in the upcoming weeks that allows users to rate their friends, exes, co-workers and even acquaintances. The feature is said provide users a platform to write reviews about a person so people can know more about what others think about themselves.