Facebook Tweaks Privacy Settings and 4 Social Media Stocks Seeing Action

Facebook, Inc. (NASDAQ:FB) has begun to change its privacy settings. It first hopes to make some improvements to the company’s privacy protections. The social network intends to add an additional top-level control, which has been named Privacy Shortcuts, designed to enable people to quickly change who can see their “stuff” and who us able to contact them via the site. Furthermore, the shortcut should feature a one-button link allowing individuals to block someone on Facebook. In a phone interview, Sam Lessin, Facebook’s director of product, made claims that these shortcuts are to always be visible to Facebook users to assist in navigating the site, and he also stated that that highlighting the ability to block someone continues to become more useful.

LinkedIn Corporation (NYSE:LNKD): SocialMotus is a new social CRM tool that is to be integrated with LinkedIn Groups, Company Pages, and Profiles. Since it now has over 100 million members, LinkedIn seems to be a necessary social networking site for businesses. The LinkedIn Groups and Page integration has been designed as a means to enable both individuals and businesses to fast track LinkedIn management, as it assists in the maximization of value from this social network. Users are able to post updates to multiple LinkedIn Groups and Pages through the use of a single click, engage in group discussions via feeds, add comments, and much more, which streamlines communication and promotions without ever leaving the intuitive user interface.

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Groupon, Inc. (NASDAQ:GRPN) CEO Andrew Mason avoided some questions at the Mobile-Loco conference in San Francisco in regards to recent speculation concerning a potential takeover of company, along with his job security, according to the Wall Street Journal.

Pandora Media, Inc. (NYSE:P): This morning, Yelp shares have risen 4 cents reaching $19.34 after the stock saw a mixed initiation of coverage from two firms, with J.P. Morgan‘s Kaizad Gotla beginning by giving the stock a Neutral rating and a $19 price target, and Credit Suisse‘s Steven Ju, gave the company an Outperform rating and a $25 price target.

Zynga, Inc. (NASDAQ:ZNGA) SVP of mobile Travis Boatman stated “There’s a lot of people who play games and want to connect socially who don’t want to use Facebook (NASDAQ:FB),” according to TechCrunch. This follows the conclusion of the exclusivity deals between the two companies, and Boatman’s comments described Facebook as a stepping stone of the past instead of a partner of the future.

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