Groupon Loses Managing Editor and 4 Social Media Stocks Seeing Action
Facebook (NASDAQ:FB) wins positive results from Ireland’s Data Protection Commission, which is a ruling that should have an upbeat impact on the firm’s business on the Continent since its European headquarters is located in that country says TechCrunch. Crucial to the report seems to have been Facebook’s decision to turn off facial recognition features for European Union users.
LinkedIn (NYSE:LNKD) stock was initiated with a Hold by the research firm Cantor Fitzgerald with a price target of $120. The firm’s analysts pointed out in a note to investors that LinkedIn is becoming one of the most effective global online recruiting platforms.
Groupon, Inc. (NASDAQ:GRPN) says that Brandon Copple, who was the managing editor, has left the company for a position at Wrapports, according to AllThingsD.
Pandora Media (NYSE:P) might soon appear on the shopping lists of Google and Amazon.com to Clear Channel Communications due to Apple’s potential entry into Internet radio. The former is forecast to grow its revenue by some 214 percent during the next two years, which would be almost 3 times the median for domestic Internet media companies which are valued in excess of $1 billion, according to Bloomberg data. Considering that Pandora shares are down 34 percent since their IPO, a buyer could snap up a company trading for 21 percent under the industry’s average price-to-sales ratio by using next year’s forecasts.
Zynga (NASDAQ:ZNGA) is suffering the exits of two more executives in an embarrassing departure of top employees. Already in September, Chief Technology Officer of Infrastructure Allan Leinwand left the building and Chief Marketing and Revenue Officer Jeff Karp followed.
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