Facebook Expands Talent Search and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): At a time when tech companies report difficulties finding enough qualified American programmers, Facebook founder Mark Zuckerberg is expanding his tech talent search worldwide. Zuckerberg has been on a world tour of programming contests, traveling from Buenos Aires to Jakarta to Bangalore and everywhere in between. He has been holding “hack-a-thons” in which top developers work with Facebook engineers to build apps for the company.
LinkedIn Corporation (NYSE:LNKD): Starting today, users of the career oriented social network, LinkedIn Corporation, will be able to follow a small pool of hand picked “influencers.” These 150 people were selected either for their broad name recognition such as Barack Obama, Richard Branson, Deepak Chopra, or their cachet within specific industries like Danny Sullivan, Charlene Li, and Caterina Fake.
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Groupon, Inc. (NASDAQ:GRPN): Groupon, Inc. wants to paint LevelUp as daunting, which indicates the threat it poses. According Sean Harper, Director of Product Management for Payments at Groupon, “LevelUp is a quick response code based system (QR), which means it is much more complicated for the customer.” “Right now, what merchants like the best is the credit card payment system. So that’s what we’re sticking with.”
Pandora Media, Inc. (NYSE:P): Pandora Media Inc.’s income potential could soon be set loose. New United States legislation proposes a recalibration of how music royalty payments are made to online radio companies. Such costs lock up about half of Pandora’s revenue.
Yelp, Inc. (NYSE:YELP): Steadfast Capital reported a 5.21% passive stake in Yelp, Inc.