Facebook Users Trust Instagram and 4 Spotlight Social Media Stocks
Facebook, Inc. (NASDAQ:FB): Instagram was the most trusted of Facebook’s 95,000 apps. The company offers an online tool that shows all apps that users have connected to Facebook, along with each app’s permissions, like access to friends lists, photos, and location. Users are able to choose to add an app to their trusted list or to remove the app from Facebook with a single click.
LinkedIn Corporation (NYSE:LNKD): The more often LinkedIn’s members visit to update their profiles or research prospective employers, the more data the company possesses to sell to recruiters. Now, LinkedIn has become very interested in selling data to recruiters. Now, features allow LinkedIn’s corporate customers measure their effectiveness on the network, among other things. Since LinkedIn began a corporate hiring products division four years ago, it recruited software and services tapping into the company’s massive member database grew to represent 55 percent of revenue, or $363 million, for the first nine months of 2012. LinkedIn is still expanding the corporate side of its business, as it recently added various new features and ancillary services to its mainstay LinkedIn Recruiter software, used by recruiters and corporate human resources departments to discover prospective candidates from LinkedIn’s member database.
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Groupon, Inc. (NASDAQ:GRPN) is scheduled to report its Q3 results after the close of trading Thursday, and it will do so after a tumultuous first year as a public company. The analysts surveyed by FactSet have estimated that Groupon will report a Q3 profit of 4 cents a share, on $591 million in revenue. Revenue for the same period during the previous year was $430.2 million, according to the company’s filings with the Securities and Exchange Commission. Although there were expectations for strong double-digit growth on the top line, investors largely soured on the stock. Groupon’s shares closed at their lowest, $3.76, on Wednesday, which is over 80 percent lower than the company’s IPO price of $20 a share on Nov. 4, 2011.
Pandora Media, Inc. (NYSE:P) announced that the amount of listener hours saw a 65 percent boost last month, versus the same period during the previous year.
Zynga, Inc. (NASDAQ:ZNGA) recently announced a partnership with the world’s largest listed gambling company Bwin.Party, meaning that Zynga Poker will be offering real money games to their customers in the UK. Operating with a Gibraltar license, Zynga Poker will likely make be seen during Q1 of 2013 on a Party Poker skin, therefore sharing Party Poker’s player pool. Zynga also intends to be offering a range of other casino games including roulette, craps, and blackjack.
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