Investors ZAPPED Zynga, GRUNTED at Groupon and POPPED Pandora
Groupon, Inc. (NASDAQ:GRPN): Co-founders of CityDeal, Daniel P. Glasner and Philipp Magin, are departing Groupon two years following the German company’s acquisition included in Groupon’s move to Europe. This is according to a report by The Next Web based on Deutsche Startups. Additionally, Marc Samwer recently revealed he will be departing his position as head of international relations at Groupon. Shares of the company closed down $0.39 (3.77%) recently at $9.95.
Don’t Miss: Is Facebook Trying to COZY Up to Apple?
Pandora Media, Inc. (NYSE:P) reports that terrestrial radio constitutes 83 percent of contemporary radio consumption, with possibilities for Pandora growth in time users listen to the service. These remarks were made at the William Blair Growth Stock Conference. Shares of Pandora closed down 5.92% ($0.66) recently at $10.49.
Zynga, Inc. (NASDAQ:ZNGA): Thanks to negative reports from Cowen’s Doug Creutz that daily active users are notably down again for the second month in a row, plus lowering usage for almost all its games, Zynga shares have fallen to new lows. Creutz thinks interest in PC-based Facebook (NASDAQ:FB) gaming usage has possibly passed its high as users move to mobile gaming. Shares of Zynga closed down $0.57 (10.27%) at $4.98.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don’t Miss: Is Alibaba Buying its Customers?