The stock price of SPYR Inc (OTCMKTS:SPYR) recorded gains of more than 1% on Friday and closed the week at $0.265. Since, last few weeks the stock has been stuck in a narrow trading range of $0.230 to $0.270. The company recently engaged Paul Thind as MD of its Games and App segment for the subsidiary unit SPYR APPS, LLC. Mr. Thind is an expert executive who has worked with numerous firms of different sizes in same field.
So far in this year, SPYR prime focus has remain on expanding its reach in the two industries of digital advertising and mobile games and application industry. Due to significant increase in use of Smartphones in last one year, most of the companies are shifting their focus on digital world, and SPYR is no exception.
United Online, Inc. (NASDAQ:UNTD) announced that the company has ended the stock sale of its subsidiary Classmates, Inc. for $30 million cash. Mr. Francis Lobo, the President and CEO said that it is a significant achievement for company and perfectly complements their strategic plans to focus on booming e-commerce industry and value based communications. This sale of asset will allow them to have adequate funds to support growth in existing businesses.
United Online expressed that mergers and acquisitions will continue to be an integral part of their growth strategy. Following the subsidiary divestiture, the company revised its revenue for the third quarter to come in between $34 million and $37 million. In last trading session, the stock price of United Online gained 0.65% to close the trading session at $10.85.
MeetMe Inc (NASDAQ:MEET) Reports Of New Features
MeetMe Inc (NASDAQ:MEET) added new features in an attempt to enhance the user profile on iPhone and Android system. Following this, the users can now provide additional information about themselves and they can get more information about others on the app.