Facebook Makes Use of HTTPS and 3 Social Media Stocks Seeing Action

Facebook, Inc. (NASDAQ:FB) has begun using HTTPS, which provides SSL/TLS encryption, as the default protocol for accessing all pages on their site. “As announced last year, we are moving to HTTPS for all users,” said Facebook platform engineer, Shireesh Asthana, in a Facebook developer forum blog post. “This week, we’re starting to roll out HTTPS for all North American users and will be soon rolling it out to the rest of the world.”

Groupon, Inc. (NASDAQ:GRPN): According to Reuters, Mail.Ru, a Russian email-to-social networking group, has sold all of their shares in Groupon, Inc. and Zynga (NASDAQ:ZNGA). The Russian company now has less than 1% of Facebook (NASDAQ:FB) shares.

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Pandora Media, Inc. (NYSE:P): It is anticipated that Pandora Media will report their third quarter earnings around Nov. 21.

Zynga, Inc. (NASDAQ:ZNGA): The idea that social media will usher in the next great wave of online gamblers is a concept not lost on shareholders. The recent announcement that Zynga will be offering real money gaming has started a whole new competition that will see other social media gaming firms offer their version of social media internet wagering. There are problems with the idea and as most analysts have pointed out, the amount of money spent by social gamers is minimal compared to the amount that real poker or slot players invest in it.

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