Facebook Sued by Offender and 4 Social Media Stocks See Action

Facebook, Inc. (NASDAQ:FB): A convicted child sex offender who won a landmark court case forcing Facebook to remove a website page monitoring pedophiles is now seeking damages after discovering that his photograph and threatening comments were posted on the page. On Friday, Facebook was given seventy-two hours to take down the page called “Keeping Our Kids Safe From Predators,” which had focused on pedophiles in Northern Ireland.

LinkedIn Corporation (NYSE:LNKD): Malaysians, already known as the friendliest people on social networking websites, have again created an online milestone. Last week, the millionth Malaysian registered on LinkedIn.

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Groupon, Inc. (NASDAQ:GRPN) India (formerly known as Crazeal) recently celebrated the first anniversary of their successful operations in India. To celebrate this occasion, they began their first TV campaign aimed at reaching out to a larger audience.

Pandora Media, Inc. (NYSE:P): Tim Westergren, founder of Pandora, has sent an email out to Australian users that outlines two open events for listeners who would like to meet and greet the team as well as give the company a chance to hear feedback about local listening habits. The events will be held at the Melbourne Town Hall on Tuesday, December 11 and in Sydney at the Establishment Ballroom on Wednesday, December 12.

Zynga, Inc. (NASDAQ:ZNGA) has made a new agreement with Facebook, which means Facebook will being developing their own games next year. According to Fortune, this news has caused Zynga’s already weak stock to suddenly take a nose dive. The agreement, filed with the Security and Exchange Commission, means that for  Zynga to launch any real-money games in any country, they have to also launch them on Facebook.

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