Facebook Investors Eagerly Await Earnings Results and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Stock futures were on the defensive yesterday, ahead of another round of United States corporate earnings from Facebook, Inc. and amid uncertainty over the outcome of the U.S. presidential election. “We are currently in the third week of a disappointing corporate earnings season,” said Craig Erlam, market analyst at Alpari. Facebook’s earnings results after the market close will be key for their future. The social network has had a dire time since their stock flotation earlier this year when they lost over a third of their value as investors have grown concerned about their ability to raise money from advertising. “The results have the potential to make or break Facebook as an investment,” said Erlam.
LinkedIn Corporation (NYSE:LNKD): LinkedIn for BlackBerry smartphones version 2.0 is now available on BlackBerry OS 6 and above from the BlackBerry App World. LinkedIn Corporation is the world’s largest professional network with over 175 million members and adding 2 new members per second. LinkedIn for BlackBerry smartphones is designed to provide convenience and easy access for BlackBerry users, keeping them connected to their LinkedIn professional network while on the go.
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Groupon, Inc. (NASDAQ:GRPN): Groupon’s Chief Executive Officer, Andrew Mason, shared the “bittersweet” emotion of seeing some engineers leave the daily deals company, but applauded the fact that it shows Chicago now develops and sends entrepreneurs to Silicon Valley to start their own companies. Mason addressed an audience of 1,500 at the 11th annual Chicago Innovation Awards celebration at the Harris Theater Monday night. “Groupon could never have existed if not for Chicago entrepreneurs,” Mason said, citing his own unnamed mentors, backers and “people who figured out how to unlock growth.”
Pandora Media, Inc. (NYSE:P): Pandora Media, Inc., the leading personalized radio service, announced the return of their annual Halloween-themed genre stations for listeners so that they can make the most of their seasonal celebrations. Whether they’re throwing a party, making cupcakes and goodie bags for kids or just enjoying some spooky classical music for the commute, Pandora listeners have a delicious assortment of tunes for Halloween. This year’s stations include Halloween Party http://www.pandora.com/?sc=miG586 which plays the ultimate mix of Halloween classics, Halloween-themed songs, classic Halloween and scary soundtracks from a range of genres including pop, R&B, alternative, rock and oldies. The station features monster hits such as “The Monster Mash,” “Ghostbusters,” “Bela Lugosi’s Dead,” “Hungry Like the Wolf,” “I Put A Spell On You” and “The Time Warp.”
Yelp, Inc. (NYSE:YELP): “Yelp has become so influential, in the consumer decision making process that some businesses will go to extreme lengths to bolster their reviews,” said Eric Singley, Vice President of Consumer Products and Mobile Yelp. “While our filter already does a great job of highlighting the most useful content, we think consumers have a right to know when someone is going to great lengths to mislead them.” The consumer alert will call attention to attempts to purchase reviews for a business profiled on Yelp. When consumers click on the alert, we will show them screenshots exposing the effort to mislead them. After 90 days, the alert will be removed from the business’s Yelp page unless evidence of ongoing efforts is discovered, which may cause the renewal of the warning period. Initially, nine businesses will have the consumer alert message posted on their profile page, but the company will be posting alerts like these on an ongoing basis as warranted.