Facebook Gets Stingy With Social Graph and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Current Price: $31.60
This week, Facebook has prevented a number of services from using its Social Graph. The company hopes to keep the information of who people’s true friends are out of its competitors’ hands.
LinkedIn Corporation (NYSE:LNKD): Current Price: $122.72
LinkedIn’s Vice President of Global Solutions, Michael Gamson, sold $4,260,154 worth and Director David Sze sold $1,898,632 worth of company stock.
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Groupon, Inc. (NASDAQ:GRPN): Current Price: $5.28
Today, Groupon announced that its Breadcrumb POS service now possesses an overnight emergency parts replacement plan called AirLift, allowing restaurants and bars to use the Breadcrumb iPad POS system pay an extra $100 per terminal purchased for the extra service.
Zynga, Inc. (NASDAQ:ZNGA): Current Price: $2.45
Over recent months, Zynga’s partnership with Serve Rewards has let players in games likeCastleVille or CityVille earn free premium currency for signing up and using American Express’ prepaid card. Now, ChefVille plans to enact a similar promotion, but users won’t have to actually spend any money to get something for free. From now until April 15, the ChefVille Serve Promotion will let its players plant a Money Tree in their restaurant, which is able to be tended five times for free per day. The five tends will give the player XP, ingredients, and free Chef Cash until earning the five free Chef Cash that are available.
Yelp, Inc. (NYSE:YELP): Current Price: $20.98
Tiger Cub’s Robert Karr along with his team at Joho Capital filed with the SEC to reveal ownership of nearly 1 million Yelp shares.