Facebook Upgraded Ahead of Event Chatter and 4 Social Media Stocks Seeing Action
LinkedIn Corporation (NYSE:LNKD): Current Price: $117.09
Dhiman Mukherji, who is the director of marketing solutions for LinkedIn India, decided to leave the company. The company has not sent out a release yet, but it has officially confirmed the same to Techcircle via a statement saying, “Mukherji has left LinkedIn. We would like to thank him for his contributions to the marketing solutions business in India over the last two and a half years.”
Groupon, Inc. (NASDAQ:GRPN): Current Price: $5.30
Glassmap is a location-based deals discovery app, and it recently used its website to announce that it was acquired by Groupon. The Glassmap application should wind down and close on February 15.
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Facebook, Inc. (NASDAQ:FB): Current Price: $31.20
On Monday, the company was upgraded to Buy from Hold at Deutsche Bank as talks continues prior to a surprise media event for the social networking firm. According to Deutche Bank analyst Ross Sandler, Facebook “has more revenue momentum than any company we cover heading into 2013.” The company’s mobile newsfeed advertising is “the game-changer, but the ramp up is happening much faster than our initial estimates and we see several new catalysts emerging,” Sandler stated.
Zynga, Inc. (NASDAQ:ZNGA): Current Price: $2.65
Zynga gained 38 patents from Walker Digital since last February. Of these, 33 concern casino gaming and gambling technologies.
Yelp, Inc. (NYSE:YELP): Current Price: $21.57
Tybourne Capital Management has reported a 6.3 percent passive stake in Yelp.
Don’t Miss: Facebook Drops Despite Bullish Analyst Comments.