Facebook Has No Time For Dislikes and 2 Other Buzzing Social Media Stocks
Zynga (NASDAQ:ZNGA): The company’s shares saw an increase of 12 percent on Wednesday after it announced that it just started offering real-money online gambling in the United Kingdom. Zynga is mainly known for its popular FarmVille game, and it has seen a rise reaching almost 40 percent during the year due to expectations that it would move more aggressively into the lucrative online gambling market. The new ZyngaPlusPoker and ZyngaPlusCasino games are being offered along with with London-listed bwin.party, which is one of the U.K.’s market leaders in online gambling.
Pandora (NYSE:P): Subscription-based and free Internet radio services like Pandora and Spotify made up 23 percent of average weekly music listening time among U.S. consumers between the ages of 13 and 35 in the fourth quarter of 2012, which is a 17 percent rise over previous year’s period, this is because of increasing mobile engagement, a new NPD Group report claims. The free version of Pandora came out on top of all streaming music services in the fourth quarter, which accounts for 39 percent of usage among Americans 13 to 35. iHeartRadio came in second at 11 percent, which is ahead of Spotify’s free offering at 9 percent. Grooveshark came in fourth at 3 percent, and then Slacker at 2 percent.
Facebook (NASDAQ:FB): Facebook does not plan to add a “dislike” button to the news feed in the near future, according to product engineer Bob Baldwin. Baldwin has worked on several of Facebook’s most popular features, and he spoke candidly when he was asked about the possibility of a “dislike” button in a Reddit “Ask Me Anything” discussion on Tuesday. “Actions on Facebook tend to focus on positive social interactions,” he claimed. “Like is the lightest-weight way to express positive sentiment. I don’t think adding a lightweight way to express negative sentiment would be that valuable.”
Don’t Miss: Are Apple’s Headphones a Rip-off?