Facebook-Netflix Sharing Bill Passed and 4 Hot Social Media Stocks

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Facebook, Inc. (NASDAQ:FB): Yesterday, the Senate unanimously passed a bill allowing those who use Facebook and other social media websites to automatically share the movies that they watch on Netflix, according to The Hill. The bill was strongly backed by Netflix and will be sent to President Obama to be signed, according to the website.

LinkedIn Corporation (NYSE:LNKD) employees will have 30 to 90 days to take an idea and run with it. “Once a quarter, any LinkedIn employee can come up with an idea, put together a team, and pitch their project to the executive staff,” stated Kevin Scott, who is SVP of engineering at LinkedIn. “If approved, the team gets to spend up to three months of dedicated time turning their ideas into reality.”

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Pandora Media, Inc. (NYSE:P): Today, the company revealed that it has begun the last stages of selecting and appointing a new chief financial officer, which should be concluded by December 31. Pandora should announce the appointment at the beginning of its next fiscal year, February 2013. Beginning January 1, 2013 and lasting until the new chief financial officer takes office, the responsibilities of the principal financial officer are to be performed by Joseph Kennedy, who is the chief executive officer of Pandora.

Zynga, Inc. (NASDAQ:ZNGA) has confirmed the close down of its Japan operation, with the ongoing consolidation of its operations, and the company cut the less profitable parts of its business. This idea of pulling out of that market surfaced during October when the company laid off 5 percent of its employees. Today, the CEO of the Japan operation, Kenji Matsubara, stated that the news confirmed its closure on Facebook, which is the social network that was so closely tied to Zynga.

Yelp, Inc. (NYSE:YELP): Yelp app has just released an update, version 3.7, for its Android users, and the update comes in time for all the holiday shoppers to have the ability to share their experiences.

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