Facebook Data Retention Displayed and 3 Hot Social Media Stocks
Facebook, Inc. (NASDAQ:FB): ”Personal data is the ‘oil’ Facebook is drilling for,” states Max Schrems, who is an Austrian law student and founder of the advocacy group Europe versus Facebook. “They might not have the best motor to burn it yet, but they know it will be coming.” Schrems, 26, continues to be much more aware of the amount of data that is stored by the company. According to Schrems, Facebook was “dumb enough” to send him all of his data in a 1,200-page PDF, indicating that Facebook kept records of every person who had ever poked him, every IP address of machines that had used to access his account, along with any additional Facebook users had logged in on that machine, a full history of messages and chats, and even his “last location”, which seemed to use a combination of check-ins, data gathered from apps, IP addresses, and geo-tagged uploads to work out where he was.
Groupon, Inc. (NASDAQ:GRPN) stock dropped 76 percent during the year and the company’s market value is all of $3.1 billion. Free cash flow has declined throughout the year, and Groupon is one of the most shorted stocks on the NASDAQ.
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Pandora Media, Inc. (NYSE:P) continues to be one of the more hotly-debated stocks during recent months, and shares have been exceptionally volatile. It appears that every week, there is more news being released to change the investing thesis. The market is confused about the small Internet DJ, and there are many who think view the service as excellent but the business model as suspect.
Zynga, Inc. (NASDAQ:ZNGA) and Nexon have both raised a billion dollars, enabling them to use this money to both accelerate their acquisitions and expand their positions in the fastest-growing parts of the video game business. Social and mobile games have already become popular, but they are a new concept, providing plenty of room to evolve and grow.
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