Facebook Claimant Ordered to Pay and 4 Social Media Stocks See Action
Facebook, Inc. (NASDAQ:FB): A federal judge ordered Paul Ceglia, an upstate New York man, claimed he’s owed 50 percent of Facebook, and he is to pay the social network almost $100,000 in legal and travel fees. The order follows Ceglia’s canceled 10 planned depositions during July and August at the last minute, since Facebook already paid its lawyers to prepare for and travel to the depositions. Seven were thrown away with less than 48 hours’ notice, and three were canceled with less than 24 hours notice.
LinkedIn Corporation (NYSE:LNKD): Today, Richard Branson set a record at LinkedIn, and it became the first “LinkedIn Influencer” possessing over 1 million followers. Furthermore, the founder of the various Virgin enterprises has twice as many followers as his nearest competitor, President Barack Obama.
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Groupon, Inc. (NASDAQ:GRPN): Andrew Mason is to continue his position as Groupon’s CEO after a board meeting that ended with no change to the CEO position, according to the Wall Street Journal.
Pandora Media, Inc. (NYSE:P) shares have risen due to news that the company’s offerings ranked well in a new multimedia audience measurement system that was revealed by comScore Media Metrix. The new system will offer an unduplicated look at audience size and demographics across websites, mobile apps, and online video content accessed from multiple devices.
Yelp, Inc. (NYSE:YELP) does not approve of businesses paying for good reviews, and it mentions that the 1-star reviews to Facebook followers are able to be seen as a call to post reviews in response.
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