Social Media Stocks Action: Video Games and Facebook in the SPOTLIGHT
Facebook, Inc. (NASDAQ:FB): NASDAQ (NASDAQ:NDAQ) CEO Robert Greifeld announced he is “not budging” from the company’s $40M IPO compensation plan for Facebook. This is from a Tweet by Fox Business Network’s Charles Gasparino.
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Zynga, Inc. (NASDAQ:ZNGA)’s bookings growth is expected to speed up by Citigroup in the second half of 2012, and the bank commenced shares with a Buy rating and a $12 price target. Additionally, the Wall Street Journal cites video games being revived by mobile devices and this trend providing companies iwth a convenient means of making money along with promoting new software. Companies like Take-Two (NASDAQ:TTWO) and Sega are monetizing existing titles, bringing in revenue, bolstering their brands and providing advertising outlets.
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