Groupon Reshuffling Sr. Management and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB) has begun taking a small step toward being an e-commerce platform via its launch of a feature allowing users to buy and send real gifts worth up to hundreds of dollars. Users are allowed to purchase and ship products from over a hundred “Facebook Gifts” vendors with only a few clicks on the company’s website. Some of these products are eyeglasses by Warby Parker, Starbucks coffee, and pastries from New York-based Magnolia Bakery.
LinkedIn Corporation (NYSE:LNKD) launched a feature allowing users to upload some work samples, but it is still difficult for users to showcase their talent. Now, several start up companies have begun to hustle to fill LinkedIn’s hole. These companies are attempting to become a professional solution for people who without desk jobs, from athletes to artists. A few of these companies are Behance, Contently, and QFive.
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Groupon, Inc. (NASDAQ:GRPN): As a means to mend its struggling European business, Reuters has stated that Groupon continues to reshuffle its senior management roles. The shake-up is expected to include the departure of its chief of international business. An internal memo states that Chris Muhr, SVP of sales, is now in charge of the Europe, Middle Eas,t and Africa region, and Veit Dengler, SVP International, will no longer be with the company.
Pandora Media, Inc. (NYSE:P) may be a takeover target for Amazon.com (NASDAQ:AMZN), Google (NASDAQ:GOOG), and Clear Channel Communications (CCMO) after reports that Apple (NASDAQ:AAPL) could possibly launch an Internet radio business, according to Bloomberg Businessweek. A number of Pandora’s 150 million users are able to access the service via their phones, which makes the company appealing to Google and Amazon, Bloomberg states.
Zynga, Inc. (NASDAQ:ZNGA): Although there is a great deal of media coverage regarding EA’s recent copyright infringement lawsuit against Zynga, there has not been a clear consensus about what litigant had the upper hand legally. This was partially due to the fact that the lawsuit brings up difficult and murky issues under copyright law’s “idea/expression dichotomy,” stating that ideas aren’t able to be copyrighted but the expression of those ideas can be. A recent ruling in a separate copied game app case indicates the manner in which courts struggle to apply the idea/expression dichotomy to cloned app games lawsuits. The new ruling warns that both EA and Zynga should settle their case rather than have a judge rule on its merits.
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