3 Buzzing Social Media Stocks: Pandora Bounces Back, Facebook in Iran, LinkedIn Opens Samza

Pandora Media (NYSE:P): Pandora shares are bouncing back from an after-hours dip Monday night following the online streaming service’s announcement that it would be issuing 10 million new shares and selling 4 million on behalf of  venture capital firm Crosslink Capital. Crosslink will still own 25 million shares after the offering is completed, and underwriters will have a 2.1 million share over-allotment option. Pandora intends to use the cash generated for ”general corporate purposes, including working capital and capital expenditures,” along with potential acquisitions.