Facebook Revamps Messenger and 4 Social Media Stocks See Action

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Facebook, Inc. (NASDAQ:FB) revamped its Facebook Messenger service today as a way to get people to get rid of mobile-phone text messaging to replace it with something more sophisticated. Today, Facebook Messenger intends to start essentially an instant-messaging network, which will be complete with separate apps to use the service. With this new product, users will only need a phone number, and no Facebook account, according to Peter Deng, who is Facebook’s director of communications product management, at the LeWeb show here. The service should first be available in South Africa, India, Australia, Argentina, and Venezuela, he said, and in India’s case in partnership with a carrier. A large number of young people indicate a major preference for text messaging over e-mail, and Facebook hopes that they will be able to create a more elaborate option from Facebook rather than the ordinary Simple Message Service.

LinkedIn Corporation (NYSE:LNKD): Staples Inc. is the largest office product company and second largest internet retailer in the world, and it now is partnering with LinkedIn to launch SUCCEED: Small Business Network. This online forum is intended to serve as a platform for networking, advice, and content specifically for small business professionals.

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Groupon, Inc. (NASDAQ:GRPN) teamed with MLB Advanced Media, which is the interactive media and Internet company of Major League Baseball, in order to offer deals taking baseball fans out to ball games and provide discounts on peanuts and crackerjacks, along with additionaly related experiences and merchandise.

Pandora Media, Inc. (NYSE:P) is prepared to report its Q3 results after Tuesday’s market close, and the Internet radio leader will likely post a sizable revenue gain as it prepares for an oncoming battle regarding how many royalties it pays for the music it streams.

Zynga, Inc. (NASDAQ:ZNGA) signed a deal allowing Synacor (SYNC) to offer its 45 cable, satellite, and telecom company customers access to games from their homepages, according to AllThingsD. Furthermore, Synacor’s partners should have the ability to include Zynga’s in-game currency as part of their bundles, the report added.

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