3 Buzzing Social Media Stocks: Facebook’s Instagram Raises the Stakes, Zynga Goes Shopping, and LinkedIn Gets Hijacked
Facebook (NASDAQ:FB): Video support for Instagram is officially live as of today. The new service supports 13 filters, users will be able to select a “cover frame” and edit old clips, and video length will be capped at 15 seconds — whereas Twitter’s Vine is capped at six seconds. Instagram also plans to release Cinema, a feature that automatically stabilizes previously-recorded videos, and is now disclosing that it hosts 16 billion photos and has 130 million monthly users.
Zynga (NASDAQ:ZNGA): In order to jack up its real-money gambling efforts, Zynga has gone shopping and came home with Spooky Cool Labs, a roughly 40-person team, including a number of online gambling industry vets. The company’s founder, Joe Kaminkow, was ranked as one of the 10 most influential people in the history of slots by Strictly Slots Magazine. The firm has now been putting its attention on social/Facebook oriented games.
LinkedIn (NYSE:LNKD): LinkedIn is reporting from what appears to be a DNS hijacking, when the service outage began around 6 PM PST on Wednesday, with the outage continuing throughout much of Thursday for many users. Reportedly, Fidelity.com also experienced similar outage issues. However, the issue is particularly troubling for LinkedIn, as it does not require an SSL certificate.