Tech Five: LinkedIn shares trade lower
A potential service launch by Facebook might play a role in LinkedIn's stock dip on Thursday.
Let's take a look at tech stocks to watch:
LinkedIn. Shares are down slightly in early trading following a report from Reuters that Facebook will launch its own service aimed at professionals in the coming months. The service is aimed at helping co-workers collaborate, says the report.
Yahoo. Shares of the media company are holding steady after it announced it will spin off its core Internet business and hang on to its stake in Alibaba. Large shareholders have already expressed doubt.
Samsung. The electronics giant wants to make a push into the connected car business. According to Reuters, Samsung says it's creating a team to work on components including satellite navigation and in-car entertainment.
Atlassian. The software company is expected to start trading Thursday on the New York Stock Exchange under the ticker symbol TEAM. The New York Times reports Atlassian priced shares at $21.
Verizon. The wireless carrier is planning to test sponsored data, reports Re/code. The test would allow users to access content from select partners without eating into data plans.
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