3 Buzzing Social Media Stocks: Pandora Addresses Classical Music Demand, Facebook Digs for User Opinions, and Groupon’s Breadcrumb Gets Updated
Pandora Media (NYSE:P): It seems that classical music has been going over better than Pandora originally thought it would, as it now features entire 45-minute pieces of music and individual movements of works where one piece runs into another. Pandora has had classical offerings since 2008, and saw a 27 percent increase in June over the previous year. Pandora has been working to respond to that demand, the Washington Post reports, as curating the classical music stations takes more thought that the broader, more generalized stations.
Facebook (NASDAQ:FB): In addition to allowing users to hide items that pop up on their news feeds, Facebook is looking for more information as to why. Presumably, the social media site is looking to gather information that it can use to push more pertinent information to the user, as well as help curb offensive material on the site. ”Over the next few months what you will see from us is more on why people like and don’t like certain things in their feed,” Facebook ads product manager Fidji Simo told ABC News. “We are planning to refine those so users can tell us exactly the reasons they are hiding that piece of content.”
Groupon (NASDAQ:GRPN): More details have emerged about Groupon’s Breadcrumb point-of-sale service, the second verison of which was released on Wednesday. The system now allows businesses to accept payments while offline, redeem Groupon deals, and customize the system to fit specific business needs. Additionally, Breadcrumb now includes preloaded and searchable menus and inventory lists, multiple tabs to serve more than one customer at a time, and the ability to seamlessly make changes to a bill, PC reports.