Facebook Remains King and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Earlier in the day, Polycom (NASDAQ:PLCM) announced Polycom RealPresence CloudAXIS Suite, which the company claims should allow Polycom customers toadd anyone on Microsoft’s (NASDAQ:MSFT) Skype, Facebook, Google’s (NASDAQ:GOOG) Google Talk along with any other business video applications to their video conferences from a browser. RealPresence CloudAXIS is a suite of software running on the Polycom RealPresence Platform in private enterprise clouds or public clouds, and it securely extends enterprise-grade video and content collaboration outside the firewall to other businesses and consumers via a browser, Polycom stated.
LinkedIn Corporation (NYSE:LNKD) continues to be the social network of choice among the U.S. work force, as 83 percent of those who took a survey by social recruiting platform Jobvite having Facebook profiles. However, Twitter and LinkedIn have strong gains in 2012 compared to 2011. Those Facebook, Twitter, and LinkedIn accounts are probably active, and Jobvite also discovered that three-quarters of respondents are currently seeking or are open to new jobs.
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Groupon, Inc. (NASDAQ:GRPN) and Zynga long-term shareholders would have seen more success in investing in the stock of any other major U.S. company during 2012. As shares of Groupon and Zynga have fallen 74.4 percent and 74 percent, respectively during 2012, the stocks have become the worst-performing shares among U.S. companies with market capitalizations of more than $1 billion, indicates data that was pulled from Interactive Data and Thomson Reuters via FactSet Research Systems.
Zynga Inc (NASDAQ:ZNGA) founder and CEO Mark Pincus continues to control more than half of the shares of the company, and Silicon Valley players are curious if he may privatize the company or offer for sale to its partner Facebook (NASDAQ:FB), acording to AllThingsD.
Yelp, Inc. (NYSE:YELP): Travel blog Tnooz noted that Yelp rounds review scores to the nearest half-star, meaning that a 3.74 average rating will be lowered to a 3.5, and ratings like 3.79 will become a 4. These small differences have a huge effect regarding a restaurant’s bottom line. A median restaurant could see a 6 to 8 percent difference in customer flows, a modest yield, but could be an extra $816 in weekly pre-tax profit for median mid-to-high end restaurants.
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