Facebook’s Mobile Figures Climb and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Current Price: $30.64
Facebook’s shares continue their incline after comScore reported on Friday night that the amount of minutes that Americans spent visiting the website via mobile devices saw a 15 percent spike during December, versus November, claims Oppenheimer analyst Jason Helfstein. Last month, the amount of “mobile minutes” that were garnered by Facebook set a record, according to the analyst. The data shows that users have not been deterred by the increased advertising on the website, Helfstein added. The analyst decided to keep his Outperform rating and a $34 price target on the stock, which saw a rise of 99c, or 3.34 percent, to $30.65 in early trading.
LinkedIn Corporation (NYSE:LNKD): Current Price: $118.91
Staples Inc. has teamed up with LinkedIn for the launch of an online forum for small businesses to network. The forum has been named Succeed, and it will offer industry expert profiles, targeted events, incentive awards, and weekly polls.
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Groupon, Inc. (NASDAQ:GRPN): Current Price: $4.84
The company has canceled all of its scheduled and ongoing gun-related promotions until further notice, according to AOL Daily Finance.
Pandora Media, Inc. (NYSE:P): Current Price: $10.77
Pandora’s year-end metrics report shows that its users created over 1.6 billion personalized radio stations and listened to over 13 billion hours of music during 2012, which is over 540 million days’ worth of tunes.
Zynga, Inc. (NASDAQ:ZNGA): Current Price: $2.42
Now, Zynga has a new game in the Apple App Store, which is named ‘Running with Friends’. The firm has not yet gone to fitness apps,but this game is a first person social chase game based on the running of the bull in Pamplona, and it seems very similar to Temple Run.
Investing Insights: Is LinkedIn’s Stock a Buy Now?