LinkedIn REVAMPS API and 4 Social Media Stocks Seeing Action

Facebook, Inc. (NASDAQ:FB): The huge shift from PCs and toward mobile devices is a tough challenge for top internet companies that emerged prior to the current mobile trend, said Financial Times in the first of a series of articles that examine the move to mobile and its implications. The shares traded up $0.27 (1.30%) recently at $20.99.

Don’t Miss: Sink or Swim: Here’s Facebook’s New Attempt to Monetize its Mobile Users.

LinkedIn Corporation (NYSE:LNKD): Social-networking-for-suits outfit LinkedIn revamped its application programming interface (AMEX:API) terms of use, allowing developers to better exploit the website. The company stated in a blog post yesterday that it wants to “enable our members to use their LinkedIn identity wherever they may be online” in a move mirroring Facebook, which allows its users to comment on other sites using their FB login. The shares traded down $1.57 (1.47%) recently at $105.13.

Groupon, Inc. (NASDAQ:GRPN) is reporting earnings following the close on August 13 (next Monday), and investors expect per-share results of 3 cents. The shares traded down $0.20 (2.75%) recently at $7.08.

Pandora Media, Inc. (NYSE:P): LinkedIn has turned itself into the social media sweetheart of 2012, rising higher than the struggles of others, all down substantially from their highs, including game maker Zynga (its stock price dropped 81 percent), coupon dealer Groupon (down 77 percent), radio service Pandora Media (down 37 percent), and local service-rater Angie’s List (down 33 percent). The shares traded up $0.01 (0.10%) recently at $10.13.

Zynga, Inc. (NASDAQ:ZNGA): Several sources claim that Zynga may be considering a move into “hardcore gaming,” a style of gaming devoted to a more masculine audience, in a new attempt to gain users and more revenue, according to Business Insider. The company also intends to revamp its mobile game lineup and sees the potential for online gambling. The shares traded down $0.04 (1.33%) recently at $2.97.

Don’t Miss: It Seems Facebook Takes Your Likes Very, VERY Seriously.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.