Facebook Downgraded by Analysts and 3 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Current price $27.58
All of a sudden, the Street is getting nervous again about Facebook. Bernstein Research analyst Carlos Kirjmer cut his rating on the stock and he is not alone. BTIG’s Richard Greenfield also downgraded his rating on the stock from Neutral to Sell, setting a price target of $22.
LinkedIn Corporation (NYSE:LNKD): Current price $154.92
LinkedIn-owned SlideShare is rolling out a new tool that will enable more-informed business decisions based on real-time responses from content sent via email. Targeted towards the sales and marketing bunch, Send Tracker is a content analytics tool that allows users to share new or existing content from a SlideShare account to a prospect via email.
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Groupon, Inc. (NASDAQ:GRPN): Current price $5.45
Groupon has acquired MashLogic, the company that developed Britely, a toolbar plugin that allows users to save things that have been stumbled upon on the Web. Britely will be shut down on February 18, including all brites and blog embeds. After that date, all data and user records will be permanently deleted.
Zynga, Inc. (NASDAQ:ZNGA): Current price $3.40
Zynga’s shares jumped 9% as speculation about the legalization of online gaming in New Jersey circled the markets. The company has already taken steps to move into online gambling when they filed an application for a gambling license in Nevada this past December.
Don’t Miss: 3 Reasons Why Facebook Will Outperform.