Facebook Avoids Privacy Snafu and 3 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB) was able to avoid what could have been an embarrassing privacy ordeal with a messaging feature they built for New Year’s Day. The Menlo Park, Calif.-based social network recently introduced a new feature for their desktop site that allows users to pre-write messages for their friends that will get sent out as soon as 2013 arrives at the stroke of midnight. Nice concept, but the feature had a fatal flaw — the messages weren’t private.
LinkedIn Corporation (NYSE:LNKD) users in Malaysia are now on the rise due to localization which has helped boost participation in the professional social network. After launching in Bahasa, Malaysia in 2011, the number of LinkedIn users has increased significantly to over one million accounts. Consequently, the interaction among employers and job seekers has also greatly improved. As Malaysian professionals seek out their dream jobs, employers can expect to find great talents among them.
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Groupon, Inc. (NASDAQ:GRPN): Stakeholders at the British luxury e-tailer Achica have declined Groupon Inc.’s offer of 80 million pounds for the acquisition of the shopping platform because this might undervalue the company.
Yelp, Inc. (NYSE:YELP) recently expanded into Turkey, one of the largest economies in Europe. This move came after their launch in Poland this past October. Yelp’s efforts will initially be concentrated in Istanbul, however, the full-featured site will be available to all Turks across the country and will support English, Danish, Dutch, French, Finnish, German, Italian, Norwegian, Spanish, Swedish, Polish and Turkish, giving users local insights in any one of these twelve languages.