Facebook ASKS Permission for Cleanup and 4 Social Media Stocks Seeing Action

Facebook, Inc. (NASDAQ:FB): In a move indicating that it is prepared to expand to its “West Campus” on the far side of Bayfront Expressway in Menlo Park, Facebook has requested approval from the state for its plan to clean up soil contaminated with PCBs and other toxic chemicals. “This is part of the process of moving forward,” Facebook spokesman Tucker Bounds stated on Wednesday. “It’s an exciting time for us.” The shares traded up $0.20 (0.94%) recently at $20.92.

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LinkedIn Corporation (NYSE:LNKD) earned $2.8 million during the quarter and $7.8 million for the last reported 6 months. The shares traded up $0.57 (0.54%) recently at $105.50.

Groupon, Inc. (NASDAQ:GRPN): Two newly traded tech companies, Zynga and Facebook, both reported quarterly earnings which did not impress investors. Both Yelp and LinkedIn followed with stronger results. Groupon is prepared to report next week. The shares traded down $0.04 (0.58%) recently at $6.89.

Pandora Media, Inc. (NYSE:P) CEO Joe Kennedy, like other executives, claims that advertisers will inevitably follow users to mobile once the medium has matured, reports Financial Times. The shares traded down $0.09 (0.87%) recently at $10.24.

Zynga, Inc. (NASDAQ:ZNGA) John Schappert, COO and Director of Zynga resigned from his positions as an officer and a director of the Company on August 8, effective immediately. Schappert’s resignation from the Board was not tendered in connection with a disagreement with the Company regarding any issue concerning the Company’s operations, policies, or practices. The company added that Schappert leaves the company as a friend, and it wishes him all the best. The shares traded up $0.08 (2.78%) recently at $3.03.

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