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Facebook, Inc. (NASDAQ:FB): Facebook begins the new week by outperforming, yet again. Facebook will launch a job board with aggregate listings from BranchOut and other third-party platforms. There will also be a WSJ column with at least 160 mutual funds and ETFs, as well as some dividend and value funds.
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LinkedIn Corporation (NYSE:LNKD): Career profile website LinkedIn (NYSE:LNKD)which provides some job listings and used extensively by recruiters, is retreating after Dow Jones reported, from unknown sources, that Facebook (NASDAQ:FB) is planning to launch a job board later this summer. The board will include job postings from third parties. JPMorgan told some investors, that the overlap between Facebook and LinkedIn may be increasing since Facebook has added a number of features that could encroach on the professional niche. However, JPMorgan doesn’t view Facebook’s move as a material threat to LinkedIn, since users will probably want to separate their online professional and social profiles. As a result, JPMorgan recommended using any material weakness in LinkedIn shares today as a buying opportunity. LinkedIn (NYSE:LNKD) closed down $5.86, or 5.38%, to $103, while, Facebook (NASDAQ:FB) climbed 44c, or 1.39%, to $32.17.
Groupon, Inc. (NASDAQ:GRPN): According to The Washington Post, support is increasing, among members of Congress, for a bill that would make it easier for more states to collect sales taxes on Internet purchases. A number of states, including Virginia and Texas, have already passed laws requiring income tax be paid on Internet purchases. Meanwhile, The shares traded up $0.15 (1.78%) recently at $8.59.
Pandora Media, Inc. (NYSE:P): Pandora Media Inc. has released its first quarter results. The company reported that they had an adjusted net loss of $0.09 per share as compared to a loss of $0.03 per share in their previous quarter.
Zynga, Inc. (NASDAQ:ZNGA): Facebook’s introduction of ads to the gaming website, Zynga (ZNGA), suggests that their stocks are moving in the right direction. No longer just a social networking channel, Facebook is gradually increasing their potential as an advertising network as well. This attempt to expand is a major stepping stone for the company’s profitability and ultimately, upward mobility of their stock price for investors.
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