Twitter reported a jolt of growth in the second quarter, driven in part by heavy use of the service during the World Cup soccer tournament. The strong results surprised Wall Street, and prompted investors to send the company’s shares up 30 percent in after-hours trading.
Revenue soared 124 percent, and the average number of people using the microblogging service in June was up 6 percent from March. - Full Article
The rumor that real estate site Zillow was buying its chief rival Trulia surfaced last week in a Bloomberg report.
This morning it was confirmed. Zillow and Trulia’s boards had approved a $3.5 billion stock-for-stock transaction. Both companies are public. The deal will create a dominant digital real estate company in the U.S. market.
The closest rival will be Realtor.com, operated by the National Association Of Realtors. - Full Article