Facebook Launches Gifts Site-Wide and 4 Social Media Stocks See Action
Facebook, Inc. (NASDAQ:FB): Now, Facebook Gifts has been introduced, and it’s time to see how much of a contribution it will be to the company’s revenue. Facebook has the ability to generate between $127.5 million and $1.02 billion on Gifts per year as it has begun to roll out to all U.S. users today following two months of testing with tens of millions of people. Additionally, it will also launch a wine category, along with more charities you can gift.
LinkedIn Corporation (NYSE:LNKD) has over 187 million global members, and the company announced that it signed up over two million South African professionals. “Two million South African members is an important milestone for us. It shows that South African professionals have truly understood the career potential and the personal development possibilities at the core of the LinkedIn experience,” Fredrik Bernsel, commercial director, partnerships, EMEA, informed News24.
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Groupon, Inc. (NASDAQ:GRPN) shares have begun to see a sharp decline following an analyst’s statements regarding last week’s speculation that the online daily deals company may be a possible takeover candidate. According to a Bloomberg report that was released on Friday, Google could be a possible acquirer of the struggling company, spurring a 23 percent rally.
Pandora Media, Inc. (NYSE:P) has been around for a few years now, but it has just begun to make an international basis. This is the first international expansion for Pandora.
Zynga, Inc. (NASDAQ:ZNGA) hopes to reduce cost, and it won’t renew the contract of the moderators. The company has begun the implementation of the cost cutting strategy it mentioned in the Q3 earnings report. The company will end some moderator positions, and it will now hire any new contracts.