Facebook Approached About Pseudonyms and 4 Social Media Stocks to Watch
Facebook, Inc. (NASDAQ:FB): Facebook faces some scrutiny in Germany since it requires users to use real names instead of pseudonyms. The data protection agency Unabhaengiges Landeszentrum fuer Datenschutz (ULD) in the northern German state of Schleswig-Holstein ordered that Facebook cease the real name policy, as it cites a German law allowing individuals to use pseudonyms online. The agency also stated that the law is one guaranteeing the “fundamental right to freedom of expression on the Internet.” As of now, the ULD’s order only applies in Schleswig-Holstein, although additional German could potentially follow its lead.
LinkedIn Corporation (NYSE:LNKD): Endorsements have seen a huge increase since they launched in September, and now, they have just crossed the half billion mark, the company reports. New data that is to be released today shows that LinkedIn users are sending endorsements at a rate of over 10 million per day, and they pumped out about 550 million of them altogether. Site traffic saw a boost of over 60 percent, and about 45 million members were endorsed.
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Groupon, Inc. (NASDAQ:GRPN): The Shareholders Foundation has decided that an inquiry on behalf of investors in Groupon shares, who purchased any of their Groupon shares between May 2012 and November 2012, started due to possible securities laws infringements by Groupon Inc. The inquiry by a law firm focuses on the possible claims on behalf of those who purchased the securities of Groupon Inc (NASDAQ:GRPN) considering if a series of statements by Groupon Inc about its business, its visions, and its operations were found to be materially untrue and misleading when they were made.
Pandora Media, Inc. (NYSE:P) shares are on watch today due to TiVo’s announcement that it will add music streaming service Spotify to its TiVo Premiere boxes in the US. This adds to Pandora’s fighting for time with company’s such as Netflix and Google’s YouTube, and it must face a very formidable competitor.
Zynga, Inc. (NASDAQ:ZNGA) shares have begun to lose their luster along with many of the company’s games. Zynga’s stock saw a 4.7 percent decline to $2.42 during midday trading on Monday. Zynga continues to face headwinds during its attemtps to transition its business to mobile and new genres. Zynga has also begun to face heightened competition on Facebook and struggles for attention on Apple’s iOS.
Don’t Miss: Facebook Has Short Sellers Deleting Positions.