Facebook Eyes Ad Deal and 4 Social Media Stocks See Action
Facebook, Inc. (NASDAQ:FB): According to several industry sources, Facebook is in negotiations with Microsoft to purchase Atlas Solutions, the ad-serving product that Microsoft acquired when they purchased aQuantive for $6 billion in 2007. This could change the way advertising is done online, forever.
LinkedIn Corporation (NYSE:LNKD): Quora announced a new LinkedIn sharing feature that will allow users to directly share their Quora contributions on their LinkedIn profiles.
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Pandora, Media, Inc. (NYSE:P) music royalty costs, which are usually paid in tenths of a cent, are increasing, but advertisers are willing to pay less to connect with those listeners on smartphones, tablets or through car dashboards as compared to those listening on desktop or laptop computers. The company’s shares dropped 18% yesterday.
Zynga, Inc. (NASDAQ:ZNGA) is filling out preparatory paperwork with the Nevada Gaming Control Board. This is their first official step toward offering real-money gambling games in the United States.
Yelp, Inc. (NYSE:YELP): According to the Washington Post, shares of Yelp are under pressure due to reports that a judge ordered a reviewer on Yelp to delete parts of her content. Homeowner Jane Perez wrote an angry, one-star review of Christopher Deitz, a contractor, accusing him of damaging her home and charging for work he did not do. The judge stated that the homeowner must delete this accusation from Yelp. The decision by the judge has concerned investors as it raises questions about freedom of speech.