Pandora Down 3% and 4 Social Media Stocks to Watch
Facebook, Inc. (NASDAQ:FB), beneath severe pressure to re-accelerate its revenue growth, has begun to test a ton of new businesses these days, and the mobile ad network news has been forgoten. A Facebook mobile ad network, if it is successful and widely adopted, has the ability to dramatically raise how much money media and tech companies were able to make in the next decade.
Groupon, Inc. (NASDAQ:GRPN): This week Andrew Mason’s company launched a point-of-sale service for restaurants spanning the country, Reuters reports. The company’s big move is to step on the turf of Belly, which is strange due to the fact that Lightbank, the venture firm that was founded by Groupon co-founders Eric Lefkofsky and Brad Keywell, also banks Belly. In late September, Groupon launched Groupon Payments, enabling business partners to take credit cards at lower rates than other providers. It’s intended to make the bonds between local merchants and Groupon stronger, and there are ties becoming more and more strained. Even if it isn’t the company’s fault, those who blamed Groupon for shutting them down after a deal went terribly awry, that attention is bad for business, both bad for the merchants and bad for Groupon.
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Pandora Media, Inc. (NYSE:P) has fallen 3.3 percent after reports of Microsoft’s intentions of a new music service.
Zynga, Inc. (NASDAQ:ZNGA) is filing suit against the former general manager of its CityVille product, stating “the wholesale theft of some of its most sensitive and commercially valuable data.”, reports AllThingsD, citing the filing.
Yelp, Inc. (NYSE:YELP): Angie’s List is a seasonal business page 26 of the most recent 10-Q reveals that the winter months are usually slower seasonally than the months of Q2 and Q3. Terefore, it should cause concern that although this is the supposed peak time for customer signups and monetization, according to Google, Q3 2012 has experienced a sharp decline in overall search interest for ANGI’s list.