Facebook Dominates the Networking Scene and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB) is the world’s most popular social network and new research from social media analyst Vincenzo Cosenza suggests it is getting even more popular. Every six months, Cosenza puts out a World Map of Social Networks and Facebook is the ruling social network in 127 of the 137 countries that Cosenza analyzed. The popular social network, in its relentless march for global domination, added Armenia, Kyrgyzstan, Latvia and Vietnam since June. The major holdouts are Russia and the former Soviet Union, China and Iran, each of which has their own social network. V Kontakte and Odnoklassniki are tops in Russia, QZone dominates China, and Cloob is the go-to social network in Iran.
LinkedIn Corporation (NYSE:LNKD): It appears that LinkedIn cannot catch a break. After a rather large data breach that resulted in the theft of user account information (including passwords that were protected by an outdated encryption scheme), there is now a new phishing email making the rounds that is aimed specifically at LinkedIn users. Although phishing emails that target users of social networks are nothing new, this one is the first that we have seen that targets LinkedIn users and also appears to be sent directly to LinkedIn user email addresses.
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Groupon, Inc. (NASDAQ:GRPN) is not doing well on a technical basis and they have surrendered more than 76% during the past year. However, their stock has gained more than 90% since tagging an annual low of $2.60 on Nov. 12. Today’s weekly bulls are likely expecting this positive price action to continue through the end of the week.
Pandora Media, Inc. (NYSE:P), the leading internet radio service, announced that their Chairman and Chief Executive Officer, Mr. Joe Kennedy, will present at the Citi 2013 Global Internet, Media and Technology Conference at CES, Las Vegas, Nevada.
Zynga, Inc. (NASDAQ:ZNGA): After a bad third quarter, the loss of three-quarters of their stock price and the departure of their Chief Financial Officer, Zynga has regrouped and eliminated eleven under- performing game titles and freed up infrastructure on their Zynga Cloud for launches in 2013. At the same time, they left some customers in the lurch. One of the casualties is PetVille, which generated some venerated, if virtual, family pets. Death by cloud, a phrase that once described a process in the cinder-block-and-mortar dog pound, has taken on new meaning.
Don’t Miss: LinkedIn and Facebook Part Ways in 2013.