Zynga’s WALL ST ALLIES and 3 Social Media Stocks with KEY News
Facebook, Inc. (NASDAQ:FB): Facebook is Wildfire Interactive’s, self-described as “an easy-to-use yet powerful tool to grow, engage, and monetize your audience on Facebook, Twitter, YouTube and LinkedIn,” leading suitor to acquire the company. Wildfire may be acquired for nearly $250M. Wildfire’s banker Goldman Sachs (NYSE:GS) is pushing Wildfire to consider more bidders.
LinkedIn Corporation (NYSE:LNKD): The Financial Post reports, LinkedIn intends to offer additional online security after the company’s recent data breach. The company explains that all member passwords now “salted, making hacking encrypted passwords far more difficult.
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Groupon, Inc. (NASDAQ:GRPN): According to Reuters, Groupon CFO Jason Child believes the company will speed up payments for a few European merchants as it continues to become comfortable repeating offers in mature markets. Some analysts may see this as a negative trend because it could decrease the amount of cash Groupon uses to pay for operations and growth.
Zynga, Inc. (NASDAQ:ZNGA): As a result of two research firms issuing positive notes regarding the video game maker, Zynga is climbing. In a note to investors this morning, Lazard Capital expressed belief that concerns about the company are overdone, and channel checks persuade the firm that mobile video games can be monetized as much as or more than PC games. JPMorgan follows suit in saying that Zynga will possibly be boosted by a rise in the number of people who use mobile devices to play games.
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