Facebook Loses European Chief and 4 Social Media Stocks Seeing Action
Facebook, Inc.(NASDAQ:FB) European chief has quit the social media giant to head London’s efforts to attempt to become world leader in technology start-ups. Joanna Shields is to become chief executive of the Tech City Investment Organization in January. This company was developed in 2011 by the British government as a means to bring in foreign investments to an emerging tech cluster, called “Silicon Roundabout” because of the east London traffic intersection at its heart.
LinkedIn Corporation (NYSE:LNKD): Video conferencing startup Blue Jeans Network’s goal is to make video conferencing easier and more accessible to companies by using a cloud-based way to connect video conferences between existing infrastructure and even consumer-facing apps like Skype. Today, the company will give its users another means to connect, and that means is LinkedIn. By integrating with LinkedIn, Blue Jeans will enable users to sign in via social network credentials. Once connected, other users they are video conferencing can see their headshot, bio, and other information on LinkedIn, and it will be uploaded automatically to their Blue Jeans profile, giving members the ability to learn more those on the call, without needing to use other sites. Users will be able to send messages to each other offline via LinkedIn during and after the conference.
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Groupon, Inc. (NASDAQ:GRPN) continues to mature as a company, while its top human resources executive Bernard van Stekelenburg stated that he wishes to keep the entrepreneurial startup spirit alive, and he still believes that the “funny, funky element” developed by the company’s chief executive officer Andrew Mason is a defining characteristics. However, the HR chief also hopes to make sure that staffers are interested in being part of Groupon’s business, and not just the story of the startup. “What I want to avoid losing is our spirit and culture,” Groupon’s international vice president of human resources stated to the U.K.-based HR magazine in an interview that was published today. “The more you grow, the more you are expected to operate in a certain way, but internationally, I would say we are already less ‘Silicon Valley’, and more like an ordinary company.”
Pandora Media, Inc. (NYSE:P): In an interview with USA Today at the Public Relations Society of America conference earlier in the week, Pandora founder and Chief Strategy Officer Tim Westergren stated that Apple would provide “some serious competition … but we haven’t lacked for competition.” Apple made no comments regarding its plans. In 2011, Clear Channel, which is the nation’s largest broadcaster, relaunched iHeartRadio as a personalized music service, but Pandora didn’t see a decline in its user base. “Our growth wasn’t slowed,” said Westergren. During Clear Channel’s push, Pandora retained 100 million listeners, and it now has over 160 million.
Zynga, Inc. (NASDAQ:ZNGA), who is known for creating “FarmVille” and other online games, announced its expectation of a loss for Q3 as a result of weak demand for a few of its titles. The company has also taken a charge concerning its acquisition of OMGPop, which is a mobile game maker, which was purchased for $183 million in March. Zynga’s stock saw a decline the following trading day.