3 Buzzing Social Media Stocks: Facebook Beats Estimates, Twitter's Flight Date …

Facebook Inc. (NASDAQ:FB): Earnings per share of 25 cents trounced estimates by 6 cents, as revenue of $2.02 billion also beat, by $110 million. Mobile ad sales grew 34 percent over the second quarter, to $880 million, making up 49 percent of all ad sales. Total ad sales saw gains of 13 percent quarter over quarter and 66 percent year…

Yelp Inc (YELP) Reviewers File A Lawsuit For Wages

Tags: Yelp A group of Yelp Inc (NYSE:YELP) reviewers have filed a class action lawsuit against the review website claiming that they should be treated like employees.  The reviewers believe they should be paid.  Yelp told Circa that this is a “textbook example of a frivolous lawsuit.” The lawsuit argues that Yelp’s business model and…

Wall Street retreats slightly ahead of Fed announcement

11:34 am by Deborah Bacal This morning, ADP reported that private sector employment gains slowed down in October, as employers added 130,000 jobs, compared to expectations of 138,000, according to Bloomberg. ADP also revised September's gain to 145,000, down from 166,000 previously. U.S. stocks pulled back from earlier gains Wednesday as investors exercised caution ahead…