3 Buzzing Social Media Stocks: Facebook Lifts Video Ban, Twitter Turns to Open Source, Groupon Trends Slow
Twitter Inc. (NYSE:TWTR): Twitter has a new strategy for preventing service disruptions for the popular social media service: It’s turned to open-source tools. The decision was part of a core infrastructure overhaul on the part of the company, as well as an attempt to keep costs down and service up. In the past, as the service has gained in popularity, Twitter has experienced a number of growing pains and “fail whales,” the term the company uses to describe service disruptions.
Facebook Inc. (NASDAQ:FB): After reviewing its policy on graphic content this May during a storm of controversy and complaints regarding videos depicting decapitations, Facebook has lifted a ban on beheading videos and other videos depicting graphic violence, provided that the intent of the content is to raise awareness, rather than glorify violence. The decision has been met with a storm of criticism by those who believe the policy provides a gateway for other extreme content to dodge Facebook’s filters.
Groupon Inc. (NASDAQ:GRPN): ITG Research said that Groupon’s domestic September trends slowed significantly following an already weak August; the firm believes that Groupon’s North American billing growth will most likely be a single-digit decline sequentially versus Street estimates for positive growth, implying year-over-year growth of low 20 percent versus 30 percent year-over-year growth in the second quarter.
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