3 Buzzing Social Media Stocks: Facebook’s New Videos, Zynga’s Settlement, Groupon Founder Talks Twitter
Facebook (NASDAQ:FB): Facebook is initiating a trial of auto-playing videos in users’ news feeds, potentially leading the way for video ads in the near future. The videos play silently; but clicking on them will enable the soundtrack if the user so desires. ”At first, this feature will be limited to videos posted by individuals, musicians, and bands. Over time, we’ll continue to explore how to bring this to marketers in the future.” A spokeswoman said.
Zynga (NASDAQ:ZNGA): Zynga has settled its lawsuit with former general manager Alan Patmore surrounding a 2012 lawsuit that accused the employee of “wholesale theft” of company secrets after he left the Farmville unit to work for Zynga rival, Kixeye. “I accept responsibility for making a serious mistake by copying and taking Zynga confidential information when I resigned from Zynga.” Patmore said in a statement. “I understand the consequences of my actions and I sincerely apologize to Zynga and my former colleagues.” No further details of the settlement were offered.
Groupon (NASDAQ:GRPN): Former Groupon leader (and founder) Andrew Mason has weighed in on the much-anticiated IPO of Twitter. “Confidential S1s? But what could be wrong with releasing 100s of pages of new financial and strategic co. info to the Internet while gagged?” Mason tweeted, followed up with “How is the SEC going figure out proper accounting treatment without the help of Techcrunch guest bloggers?” If you recall, Groupon’s own IPO was far from smooth. Twitter will avoid a lot of the hype, and insults, by doing a confidential IPO, Business Insider points out.
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