Pandora Reaches Big Milestone and 2 Other Buzzing Social Media Stocks
Pandora Media (NYSE:P): Current price $12.93
Pandora reports that it has reached the 200-million registered users level in the United States, says USA Today. In a Tuesday statement, the company said that it doubled its number of domestic registered users without taking two years, topping the 100 million mark in 2011. Pandora founder Tim Westergren commented in a statement that ”we started this company to help people discover and enjoy music they love, and to help artists reach and grow their audiences. Only in our wildest dreams did we imagine what it would become.” The Pandora milestone comes as more competitors are moving into the market, like Spotify and Rdio.
Facebook (NASDAQ:FB): Current price $26.85
Following Google’s (NASDAQ:GOOG) debut of its Google+ sign-ins earlier in 2013, social logins once again have become a hot topic. The most recent data from the social login provider Janrain indicates that Facebook continues to be the most popular identity provider for social logins, but that the social network is beginning to lose some ground to Google. The majority of sites that use social logins offer an array of options, with Facebook, Google, LinkedIn, and Twitter being some of the most popular, but a site’s niche, can determine whether offering social logins via networks such as SoundCloud or Tumblr might also drive up registrations. Currently, Janrain Engage supports in excess of 25 networks.
LinkedIn (NYSE:LNKD): Current price $174.20
LinkedIn is still the number-one social media site for business executives, says a recent survey conducted by DHR International and Modern Survey, according to Forbes. While LinkedIn hangs on to this top billing, executives indicated that Twitter (by 27 percent) and Facebook (by 44 percent) were sites that they often use. These responders defined social media brands mostly as Facebook, LinkedIn and Twitter, each having awareness on more than 80 percent.
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