ZYNGA FACES Moment of Truth and 4 Social Media Stocks Seeing Action Mid-Week
Facebook, Inc. (NASDAQ:FB) announced its intentions to open its first international engineering office in London, England. The shares traded up $0.64 (2.25%) recently at $29.09.
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LinkedIn Corporation (NYSE:LNKD): A number of JetBlue (NASDAQ:JBLU) users report discovering that the airline stores their passwords in plain, unprotected text, which may lead to compromised emails, according to Business Insider. Only last month, millions of passwords were compromised on Yahoo (NASDAQ:YHOO), LinkedIn (NYSE:LNKD) and Last.fm. The shares traded down $0.86 (0.84%) recently at $102.13.
Groupon, Inc. (NASDAQ:GRPN): Genius Brands (GNUS) International announced it has sold nearly 500,000 Baby Genius DVDs and CDs and more than 50,000 Little Genius CDs via its Groupon (NASDAQ:GRPN) campaigns to date. The shares traded up $0.04 (0.57%) recently at $7.28.
Zynga, Inc. (NASDAQ:ZNGA) will face a “moment of truth” when made to report Q2 results following market close on Wednesday, according to Cowen & Co. The shares traded up $0.07 (1.42%) recently at $4.98.
Yelp, Inc. (NYSE:YELP): Options traders take sides on computer graphics company Nvidia Corporation (NASDAQ:NVDA – 12.80), restaurant reservations site OpenTable, Inc. (NASDAQ:OPEN – 37.01), and online review aggregator Yelp Inc. (NYSE:YELP – 22.85). Calls have become the option of choice for NVDA and YELP, but OPEN has been a huge target by put players. The shares traded down $1.15 (5.11%) recently at $21.36.
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