NEW YORK, March 11, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Amazon.com, Inc, Facebook Inc , Best Buy Co., Inc.
Amazon.com, Inc.(NASDAQ:AMZN)’s application for top-level domain (TLD) extensions, including ".book" and ".read," has come under attack from several publishing industry groups and rival Barnes & Noble.
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Authors Guild in New York, that represents more than 8,000 published writers, objected to the plan to sell rights to top-level domain terms related to the book industry to private companies, labeling it as anticompetitive.
Barnes and Noble's counsels said that if the Book TLDs applications are granted to Amazon, "no bookseller or publisher other than Amazon will be able to register second-level domain names in .book, .read and .author without Amazon's approval, leaving Amazon free to exclude competitors and exploit the generic Book TLDs for its sole benefit."
The Association of American Publishers (AAP), a trade association of U.S. book publishers, also said it has filed comments opposing Amazon's bid.
AAP has claimed that Amazon is seeking exclusive control of the ".book" string solely for its own business purposes, without taking into consideration the interests of other companies, organizations and individuals. Amazon.com has not come out with a comment as yet.
If anybody had doubts regarding the traction of the Facebook Inc (NASDAQ:FB) Platform, these statistics would convince them otherwise. Facebook has said that users share their app activity more than one billion times each day through the social networking site.
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Users choose to share their app activity with their Facebook friends more than one billion times every day. More than 400 billion Open Graph actions have been shared back to Facebook as of this month. Also, 110 million songs, albums, and radio stations have been played 40 billion times through Facebook-integrated apps. Further, 1.47 million books have been shared through apps integrated with Facebook, and 40 million actions against those book objects have been published back to Facebook, as of this month.
Meanwhile, Piper Jaffray & Co has upgraded Best Buy Co., Inc.(NYSE:BBY) to overweight from neutral. The price target was raised to $26 from $16. Analysts have cited new management, "substantial" free cash flow generation in the future and an attractive valuation as the reasons.
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Senior research analyst, Peter Keith says in his note: "Importantly, we do not see the turnaround purely as a cost take-out story, as we see distinct drivers to both domestic gross margin and sales which, if executed upon successfully, could cause a significant upward re-valuation of BBY shares on top of an impressive run YTD."
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