Spotify to Offer FREE Radio Service for Mobile and 2 More Social Media Stock Actions
Facebook, Inc. (NASDAQ:FB) mobile ads receive 13 times more clicks and earn 11.2 times the revenue per impression as compared to the site’s desktop advertisements, TechCrunch says, according to new studies by TBG Digital, AdParlor and Spruce Media. Shares of Facebook traded up $0 lately at $31.41.
Pandora Media, Inc. (NYSE:P) and other Internet radio players are joining Spotify, which had prior charged $10/month to customers to use its mobile app, to promote an ad-supported free radio service for mobile devices, according to the Associated Press. Shares of Pandora traded down $0.41 (3.57%) recently at $11.06.
Zynga, Inc. (NASDAQ:ZNGA) estimates have been reduced by BofA/Merrill thanks to lower growth forecasts. The firm also are reporting being more cautious on DAU trends and payer conversions. Shares of Zynga are rated Neutral and have a new price target of $7 (down from $10). Shares traded up 3.46% ($0.2) lately at $5.98.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.