Yelp ADDING Gift Certificates and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Underwriters on wall street continue to allow more and more corporate insiders to find ways around the agreements that are intended to keep them from selling their shares quickly following IPOs, according to the Wall Street Journal. These lockup pacts assist underwriters in stopping company insiders from selling their shares for about 180 days following an IPO. However, underwriters have let 10 of these agreements to expire early this year, in some cases, months prior to the scheduled exit date. The shares traded up $0.52 (2.48%) recently at $21.45.
Don’t Miss: What Do Facebook and Wal-Mart Have in Common?
LinkedIn Corporation (NYSE:LNKD): When asked about the difficulty of reaching the company by telephone, a LinkedIn spokesperson stated that phones just aren’t used by the company. The spokesperson stated, “We take a members first approach to everything, and that includes how we build our various customer service channels. We provide our members a number of ways they can resolve issues including email, live chat, a self-service Help Center and a Twitter channel dedicated to customer support.” The shares traded up $0.73 (0.61%) recently at $120.28.
Groupon, Inc. (NASDAQ:GRPN) has made Brian Stevens its chief accounting officer as the company continues to face several accounting controversies. Stevens will begin his role immediately, and he is to report to CFO Jason Child. The shares traded up $0.02 (0.43%) recently at $4.68.
Zynga, Inc. (NASDAQ:ZNGA) fell more than 70 percent during the year, which is most likely because of an incorrect valuation of the company instead of the amount of revenue it brought in. However, its game innovation is still lacking, and now, its Marketing Chief will resign from the company, likely because of frustrations concerning Zynga’s model. The marketing chief, Jeff Karp, came to Zynga from E.A., which has a history of gaining solid revenue from games. The E.A. lawsuit could be the underlying reason for Karp’s departure, since his name was specifically present in it. The shares traded down $0.06 (1.95%) recently at $3.01.
Yelp, Inc. (NYSE:YELP) will now allow business owners to offer gift certificates via the website. In addition to to promoting small offers, local businesses have the ability to give customers a full cash equivalent gift certificate option. The shares traded down $0.85 (3.29%) recently at $24.95.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>