Spotify Causes CONCERN for Pandora Among Active Social Media Stocks
Facebook, Inc. (NASDAQ:FB) has introduced the ability to edit comments after being posted on status updates, but the option can only be used on comments on Facebook’s main website, the company confirmed on Friday.
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LinkedIn Corporation (NYSE:LNKD) has introduced a feature giving the ability to specifically target a user’s audience for a post.This feature allows users to deliver relevant content to the correct followers. To target, one can click on the “Add Followers” button under the “share an update” box and select the “Targeted Audience” feature. The shares traded up $4.19 (4.10%) recently at $106.38.
Groupon, Inc. (NASDAQ:GRPN) held its first shareholders’ meeting on Tuesday, and limited information reveals that two new board members with a deal of financial prowess and expertise were elected. The two elected are Daniel Henry, CFO for American Express, and Robert Bass, retired Deloitte LLP vice chairman. The shares traded down $0.01 (0.1%) recently at $10.49.
Pandora Media, Inc. (NYSE:P) feels pressure from an alternate free Internet radio for iPhone and iPad. Spotify allows users to listen to more than 16 million songs free of charge with some advertising, but for a monthly fee users can listen with additional features and no commercials. The shares traded down $0.06 (0.58%) recently at $10.56.
Zynga, Inc. (NASDAQ:ZNGA) falls, following Lazard’s defense of the social gaming company. Like others, Lazard believes Zynga’s new titles, i.e. Ruby Blast and Bubble Safari, will increase usage. According to the firm, these games will not gain the revenue that earlier hits did, but user acquisition costs will decrease. More lucrative titles should be cross-promoted to Zynga’s users. The shares traded up $0.26 (4.20%) recently at $5.96.
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