Facebook Partners With OpenTable and 2 Other Hot Stocks to Watch
Facebook Inc. (NASDAQ:FB): Current price $36.94
Facebook says that it is partnering with OpenTable Inc. regarding an application that will let users book a restaurant table over mobile web and that the app will be available to around 20,000 OpenTable customers in North America. This partnership emerges as Facebook continues to concentrate upon pushng customer engagement for its mobile apps. What is more, the arrangement will help OpenTable to fight back against increasing competition from Groupon and Yelp in the online restaurant reservation industry. OpenTable tried to bolster its position by purchasing RezBook early in August.
Advanced Micro Devices Inc. (NYSE:AMD): Current price $3.80
On Wednesday, AMD announced the arrival of Never Settle Forever, marking the third edition of the award-winning Never Settle franchise of game bundles. The Never Settle Forever program represents a historic first in the GPU industry by allowing gamers the power to assemble their own game bundle from an extensive array of titles optimized for AMD Radeon graphics cards. The bundle emphasizes AMD’s serious commitment to the Unified Gaming Strategy and its wider philosophy of choice and openness.
Zynga Inc. (NASDAQ:ZNGA): Current price $2.94
Chief Executive Don Mattrick is reshaping his company his way as he endeavors to shrink the layers of management in a push to rebound the social games developer. In a Tuesday e-mail to staff, Mattrick said that Chief Operations Officer David Ko, Chief People Officer Colleen McCreary, and Chief Technology Officer Cadir Lee are exiting. Mattrick is attempting to reverse a 71-percent share slide since Zynga went public in December 2011. He is working to reignite growth and reinvigorate Zynga’s efforts in mobile games. The firm expects between two and four quarters of “volatility” as the new CEO evaluates the business and products while creating a new strategy, according to Mattrick on a conference call in July.