3 Buzzing Social Media Stocks: Pandora Can Stand Up to iTunes, LinkedIn’s OSX Integration, and Facebook on PRISM
Pandora Media (NYSE:P): While Apple’s (NASDAQ:AAPL) release of iTunes Radio will put pressure on Pandora, RBC Capital thinks that some of the impact from the new service may already be priced into Pandora’s stock, and it notes that Pandora’s service has more potential reach because it is available on platforms other than Apple. The firm keeps an Outperform rating on the radio streaming service.
LinkedIn (NYSE:LNKD): LinkedIn might be be getting a boost from Apple’s (NASDAQ:AAPL) new OS X Mavericks, which is said to include native LinkedIn sharing as on of its features. “With single sign-on in OS X Mavericks, users can sign into their account once and stay connected with their professional networks,” Apple’s developer page read. However, its unclear whether or not the same integration will be available through iOS 7, though it’s likely that if it isn’t now, it will be within time.
Facebook (NASDAQ:FB): When the NSA case broke open last week and revealed that the government was collecting data from numerous tech companies and wireless firms, Facebook’s CEO Mark Zuckerberg was quick to deny any involvement of the site in PRISM, the NSA security effort. Zuckerberg maintained that distance at Facebook’s shareholder meeting on Tuesday, saying, “We don’t work directly with the NSA, or with any other program. Nor do we proactively give user information to anyone, nor has anyone approached us to do that.”
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