Groupon Shares on the Move and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): According to Financial Times, Facebook’s Chief Executive Officer, Mark Zuckerberg, stated that they lost two years by working on mobile web-based technology rather than building directly on Apple’s (NASDAQ:AAPL) and Google’s (NASDAQ:GOOG) smartphone platforms. Their shares traded up, $1.30 (6.69%), they were recently at $20.73.
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LinkedIn Corporation (NYSE:LNKD): One of LinkedIn Corporation’s biggest advantages over their competitors is the amount of functions that they have. Unlike Monster Worldwide, Inc. (NYSE:MWW), subscribers can do much more than just post job listings. LinkedIn has a simpler, easier to use search engine, they list ten professionals for any open position, and recruiters are allowed to customize their searches in nearly every way imaginable when looking for candidates. Their shares traded up $1.15 (0.98%), they were recently at $119.05.
Groupon, Inc. (NASDAQ:GRPN): After Chief Financial Officer Jason Child told an investor conference that the company is taking steps to help drive their growth in Europe, Groupon Inc’s. shares rose by 8 % . Technology that helps Groupon send more relevant daily deals to United States subscribers is being introduced there. “It’s one of the primary drivers we expect to see in the back half of this year,” Child said. “That should be one of the solutions for helping us to drive growth in the future.” Their shares traded up $0.09 (2.06%), they were recently at $4.70.
Pandora Media, Inc. (NYSE:P): Apple (NASDAQ: AAPL) is expected to launch a Pandora (NYSE: P) clone in the coming year. This will provide iTunes users with a streaming radio service. Is this a brilliant move by Apple, or a lawsuit waiting to happen? The company’s co-founder, Steve Jobs, was famous for supporting the idea (if not the actual practice) of stealing. He happily quoted Pablo Picasso during a PBS interview, saying, “Good artists copy, great artists steal.” He also said, without quoting anyone else, that Apple has, “Always been shameless about stealing great ideas.” Their shares traded down $0.34 (3.34%), they were recently at $10.25.
Zynga, Inc. (NASDAQ:ZNGA): Zynga announced the worldwide availability of their mobile, social role playing games, Montopia and Ayakashi: Ghost Guild for iPhone, iPod touch and for Google Play. The debut of these games in the coming weeks will mark the first time that Zynga has introduced their Japan-only games to the Western market. Their shares traded up $0.15 (5.56%), they were recently at $2.94.
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