Facebook to Modify Data Sharing Policies and 4 Social Media Stocks See Action

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Facebook, Inc. (NASDAQ:FB) potentially could tweak its plans to share user data with affiliates like Instagram, due to pressure from government regulators in Ireland. The Telegraph reports , The Office of the Irish Data Protection Commissioner requested that Facebook make changes to its proposed policy changes, mostly one that allowing the network to freely share information with businesses that it owns, like Instagram. “We have sought and received clarifications on a number of aspects and have outlined our position in relation to what consent will be required for aspects of the policy,” said a spokesman for the office to the Telegraph. Facebook informed the office that it understood its position, and it has intentions to modify its proposed data use policy. However, the exact changes that Ireland’s regulators have requested or how Facebook’s proposal will change has not been revealed.

LinkedIn Corporation (NYSE:LNKD) has announced a new Ads API, possibly bringing with it more large-scale social marketing campaigns to the professional networking site. In a blog post intended to be published on the company’s marketing website later today, Marketing Solutions Lead Jen Weedn reveals that API access was one of the most-requested features from LinkedIn’s “tens of thousands” advertisers. Before, the advertisers were limited to the company’s self-serve interface, but with the API outside, developers have the ability to build customized tools for running LinkedIn campaigns.

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Groupon, Inc. (NASDAQ:GRPN) CEO Andrew Mason likely will not be replaced soon “if at all,” according to AllThingsD’s Kara Swisher, adding that any changes will likely involve Mason.

Zynga, Inc. (NASDAQ:ZNGA) started its “Oh, What Fun!” Toys for Tots fund-raising drive today in FarmVille with the new Cheer-Ewe-Up, which is a horseback-riding sheep that is able to be sent to other players for $1. If they participate during the next week, players will receive a holiday teddy tree to be used to decorate their own farm. Better yet, 100 percent of their $1 donation goes to Toys for Tots.

Yelp, Inc. (NYSE:YELP): Yesterday, a report stated that Yelp CEO, Jeremy Stoppleman, claimed at a Business Insider conference that Google has a few evil business practices that are “worth taking a look at”, according to CNET.

Don’t Miss: Does Groupon Need an Executive Shakeup?


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