Facebook Tests Extreme Privacy Filter and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Current Price: $31.37
To reach members with many followers who are not friends, Facebook has begun a new privacy filter test, which is currently only running in the United States, and those who are testing the filter face a charge of $100. A spokesman has confirmed the heavy charge was part of the test. “We are testing some extreme price points to see what works to filter spam,” he claimed.
LinkedIn Corporation (NYSE:LNKD): Current Price: $118.54
The company should show strong results after reporting on or around February 7. On Thursday, LinkedIn joined the breakout party, as it cleared resistance at $117.33. At the beginning of the day, it was still within buying range. On Thursday, shares closed at $118.04, which was a 3.9 percent increase in strong volume. Now, the online professional network boasts 200 million registered users.
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Groupon, Inc. (NASDAQ:GRPN): Current Price: $5.24
The company announced that it will release the most recent version of the Groupon Merchants app for Android (v2.2), which incorporates Groupon Payments into the platform, providing merchants with a better way to accept credit cards at the guaranteed lowest overall rates. Groupon merchants possessing Android devices who sign up for Groupon Payments should enjoy a fast, intuitive experience that is able to fulfill their everyday credit card processing needs.
Pandora Media, Inc. (NYSE:P): Current Price: $11.02
The company’s most recent automotive partner is the Chrysler group, and the partnership allows the radio service to be integrated into 85 vehicle models. Pandora has been successful in the expansion of its user base within the U.S., but the in-vehicle market continues to be filled with satellite and terrestrial broadcast radio. Although Pandora boasts over 150 million registered users and nearly 60 million active users, the in-vehicle market is important mainly as a result of two reasons. First, people listen to the radio more in cars. Second, U.S. vehicle sales has seen a sharp rebound during 2012 and it has a great looking outlook.
Zynga, Inc. (NASDAQ:ZNGA): Current Price: $2.50
Over the past year, Zynga aggressively acquired several game patents with an emphasis on gambling. According to a report by Envision IP, which is an intellectual property research firm, Zynga has grown its holdings from only one patent and nine pending a year ago to about 89 U.S. patents and 36 pending now.