Facebook Tests Mobile Ads on iOS and Android and 4 Social Media Stocks Seeing Action

Facebook, Inc. (NASDAQ:FB)  has confirmed that it is currently working with a few ad exchanges to test Facebook mobile ads on third party iOS and Android apps, The Los Angeles Times reports. The advertisers and publishers which will be a part of the test have not been named by Facebook, the report added.

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LinkedIn Corporation (NYSE:LNKD) European Managing Director Ariel Eckstein stated, “Reaching 10 million members in the UK shows that skilled workers believe our community is vital to their careers. Every day, our members are adding information to their profiles, sharing important views and insights, connecting to one another, building their networks and getting access to a world of potential contacts, business partners, investors, employers and employees.” Estimates suggest that about 8,000 active groups in the U.K. are on the Linkedin Corporation site, with London, Birmingham, Reading, Edinburgh, and Manchester being where the majority of U.K. users are located.

Groupon, Inc. (NASDAQ:GRPN) announced its plans to launch GrouponPayments, which is a payments service supported by a guarantee to be the lease expensive option for its merchants to accept credit cards. Groupon stated, “Built into the latest version of the Groupon Merchants app for the iPhone and iPod Touch, Groupon Payments provides restaurants, salons and spas, retail establishments and other local businesses with the ability to accept all credit card payments at a lower rate than other providers.” The company also stated that following a pilot in the San Francisco Bay Area, any merchant running a deal with Groupon in the United States will now have the ability to accept payments at the lowest rates in today’s marketplace. Shares of Groupon are up 6.6%, or 31c, to $5.00 in early trading.

Pandora Media, Inc. (NYSE:P) reached $82.30 million in total cash, and it had no debt for the latest quarter.

Zynga, Inc. (NASDAQ:ZNGA): According to VentureBeat claims that Wilson Kriegel, who is the former Chief Revenue Officer of Omgpop, has resigned from Zynga. Kriegel was responsible for transforming Draw Something into a “global juggernaut”.

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