Facebook’s SEC Approval Delayed and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Current price $31.0275
In a ruling dated Jan. 23, posted to the Securities and Exchange Commission website, the commission said that they “find it appropriate” to further delay their decision to approve or disapprove Nasdaq’s (NASDAQ:NDAQ) accommodation proposal related to the initial public offering of Facebook, Inc.’s stock. The SEC designated March 29 as the deadline to rule on the proposal.
LinkedIn Corporation (NYSE:LNKD): Current price $121.25
LinkedIn Corporation’s performance since their initial public offering, has made investors very happy. Their shares are trading at nearly 3 times more than their opening day price of $45 and have almost a $13 billion market cap. According to Connie Loizos of peHUB, in order to keep Wall Street on their side, LinkedIn needs to make a major acquisition sooner than later,reports.
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Groupon, Inc. (NASDAQ:GRPN): Current price $5.16
After the recent spate of school shootings, daily discounts website Groupon, Inc. has stopped offering all gun-related deals in North America. Under growing pressure from gun-control advocates in recent months, the site quietly suspended all weapon-related discounts, including deals on shooting ranges and concealed-weapons courses.
Pandora Media, Inc. (NYSE:P): Current price $11.1518
Hola is a new service that claims they can let you access videos on Hulu, Pandora, Netflix, CBS, Fox, BBC iPlayer TV, and iTV, from any country.
Zynga, Inc. (NASDAQ:ZNGA): Current price $2.4832
Zynga, Inc.’s most recent move was the launch of CoasterVille early in December. However, CoasterVille has garnered only 1 million monthly average users (MAUs) as compared to Zynga’s more successful games like FarmVille2, with 10 million MAUs. While Zynga remains the top social game developer, King.com’s Candy Crush Saga has also threatened FarmVille2′s reign after briefly taking the top spot in the MAU rankings.