Facebook Quells Privacy Rumors and 4 Social Media Stocks See Action
Facebook, Inc. (NASDAQ:FB): Recently, a false “Copyright Protection Declaration” was making the rounds on Facebook. On the site’s Governing page alone, thousands of users have cut-and-pasted the declaration that claims they own their photos and other content on Facebook and that the social network does not. It is probably a response to an email that Facebook sent to their more than 1 billion users on Nov. 21 letting them know about upcoming policy changes that will have little effect on them other than to remind them that no information they provide on Facebook is really private. While no changes have been made to Facebook’s rights to your content, and indeed, your rights are protected by copyright law, Facebook spokesman Andrew Noyes made the following statement to help allay users’ fears: “When you post things like photos to Facebook, we do not own them.” The changes to Facebook’s Statement of Rights and Responsibilities and their Data Use Policy address user input on proposed changes and privacy guidelines. These policy changes will go into effect after the comment period closes this Wednesday (Nov. 28) at 9 a.m. PT.
LinkedIn Corporation (NYSE:LNKD): According to Tech in Asia, Sina’s (NASDAQ:SINA) latest attempt to make money for their Weibo Micro Blogging Service is Wei Renmai, a business social network that challenges LinkedIn Corporation in China.
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Groupon, Inc. (NASDAQ:GRPN) is bringing back their Grouponicus holiday event for the third year in a row. This time, it will be larger than before with new holiday catalogs, an automated gift finder, real-time gift suggestions via Twitter, free shipping, and even a headless snowman.
Pandora Media, Inc. (NYSE:P): Earnings are in the near future for Pandora Media and option players have shown a growing affection for calls ahead of the announcement. At the International Securities Exchange (ISE) and Chicago Board Options Exchange, the stock’s 10-day call/put volume ratio has increased to 18.59 from its 50-day call/put volume ratio of 1.76. More importantly, this shorter-term ratio is ranked at a 52-week peak, showing that calls have been bought to open over puts at an annual-high clip in recent weeks.
Zynga, Inc. (NASDAQ:ZNGA): The general manager of Zynga United Kingdom has left the social gaming colossus after three and a half years. Matthew Wiggins said his time at the mobile developer had been “quite a ride” and said he wished all the best to the people he was leaving behind. Wiggins previously headed up Wonderland Software which was bought out by Zynga in April of last year, subsequently being rebranded as Zynga U.K.
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