Pandora EXPANDS Service Overseas and 4 Social Media Stocks Seeing Action Today

Facebook, Inc. (NASDAQ:FB): According to Bloomberg, Mark Zuckerberg, CEO of Facebook (NASDAQ:FB), said that the most difficult job he now has is adapting the social network’s features to mobile devices, as user experience differs greatly from desktop computers. Shares traded down $1.31 (4.26%) recently at $29.41.

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LinkedIn Corporation (NYSE:LNKD): LinkedIn has unveiled a new homepage that looks like a professional version of Facebook or Twitter. Their redesign strips away all the clutter and includes news from your network, as well as a chronological and algorithmically weighted stream of updates from your professional contacts.   It will start rolling out to all users, within the next few weeks. The company’s shares traded down $2.09 (1.98%) recently at $103.50.

Groupon, Inc. (NASDAQ:GRPN):  Groupon (NASDAQ:GRPN) raised many eyebrows when it hit a $1.35B valuation within two years of being founded and then turned down a$5B buyout offer from Google. They were hyped by Forbes as the “Fastest Growing Company Ever,” with their  initial public offering, valued at $12.7B. Their stock popped 40% and briefly hit $30 a share. Unfortunately, from there, it was all downhill. Their stock hit a record low of $7.25 which was a drop of over 60% from the IPO price, and a 75% drop from the all-time high of $31.14. The firm’s shares traded up $0.03 (0.39%) recently at $7.82.

Pandora Media, Inc. (NYSE:P): Pandora Media is embarking on an overseas expansion that is aimed at luring new users. Hopefully, this will help to alleviate investor concerns over the company’s struggle to grow outside the United States. Pandora’s Internet radio service, which has been available only in the U.S., initiated their first push overseas, at the end of June, with trials in Australia and New Zealand, according to a statement made by Joe Kennedy, Chief Executive Officer.  Their shares traded up $0.13 (1.24%) recently at $10.62.

Zynga, Inc. (NASDAQ:ZNGA):  Scheduled to debut on November 13, Zynga recently announced that they are allowing their game developers to help create a social charity game on Facebook which focuses on “turning oppression into opportunity for women worldwide.” Production has  begun on this “social action” game based on Half the Sky, a best-selling novel by Pulitzer Prize winners Nicholas Kristof (a New York Times columnist) and Sheryl WuDunn.  Their shares traded down $0.04 (0.82%) recently at $4.865.

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