Groupon CONTINUES Downward Tumble and 4 Social Media Stocks Action
Facebook, Inc. (NASDAQ:FB): Senator Al Franken questioned a Facebook executive on the social networking company’s facial-recognition technology, suggesting the company be more upfront regarding how it is making “face prints” of its users.
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LinkedIn Corporation (NYSE:LNKD): Following the news hitting media last week, LinkedIn formally debuted its home page redesign Monday.
Groupon, Inc. (NASDAQ:GRPN): The tone around buzz about Groupon is getting more and more pessimistic, with change unlikely unless a major change of course comes to the company. The stock is still going downhill with no indication of slowdown or turnaround.
Pandora Media, Inc. (NYSE:P): Internet radio companies and the music industry are arguing over royalty payments, and this is spilling over to Capitol Hill. Rep. Jason Chaffetz (R-Utah) is putting together legislation that would make Internet radio services like Pandora be on the same royalty-setting standard as other digital radio services.
Zynga, Inc. (NASDAQ:ZNGA): Following the largest initial public offering in history, Facebook has let down investors big and small. Zynga, the major driver of traffic to Facebook, is showing unimpressively as well.
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