Facebook Outsources Storage and 4 Social Media Stocks Seeing Action

Facebook, Inc. (NASDAQ:FB): Current Price: $28.97

The company has separated itself from traditional IT companies, and now, it has continued to change with the news that Facebook is going straight to Asian manufacturing companies for some storage gear. The company intends to out-source the manufacturer of some of its storage products to Taiwan-based original device manufacturers such as Quanta Computer and Wistron, according to Digitimes.

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LinkedIn Corporation (NYSE:LNKD): Current Price: $110.74

LinkedIn has appointed Nishant K. Rao as its new country manager for India.

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Groupon, Inc. (NASDAQ:GRPN): Current Price: $5.20

Yesterday, call volume was unusually heavy on the company, as about 17,000 contracts crossed the tape, which is 1.17 times normal. However, fewer than 3,900 puts were exchanged on GRPN during Monday’s session, which was lower than the stock’s average daily put activity of 5,349 contracts.

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Pandora Media, Inc. (NYSE:P): Current Price: $10.24

Pandora doesn’t fear Apple’s competition, that is, if Apple even chooses to enter into the Internet radio market as predicted. “We have made Pandora a de facto must-have for any Internet-connected device,” stated Pandora CEO Joe Kennedy on Monday at an investor conference during which he was asked if Apple would consider ridding Apple devices of Pandora devices if it creates a competing music service.

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Zynga, Inc. (NASDAQ:ZNGA): Current Price: $2.52

Zynga’s has seen horrible performance since its IPO, and investors have started to question if it may be over for the newly public company.

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