Pandora FACES Samsung Competition and 4 Social Media Stocks Seeing End-of-Week Action
Facebook, Inc. (NASDAQ:FB): After the trading fiasco in the initial public offering of Facebook (NASDAQ: FB), IPO’s in the Tech field are soaring. Their shares traded down $0.17 (0.59%), they were recently at $28.83.
LinkedIn Corporation (NYSE:LNKD): Just as Facebook, Twitter, and other social media have transformed the way people network in their personal lives, similar, transformational changes are rolling into their professional lives. The idea of working in a social business that interconnects employees, customers, and partners is gaining traction. Jive Software, which sells collaborative, social technology, is positioning itself as a leader in the social business movement. “We want people to know that now they can collaborate and be productive, at work, using the social technologies to enhance their personal lives,” said John F. Rizzo, Jive CMO. Their new digital branding campaign, launched July 16, literally takes a sledgehammer to the workplace status quo. Naturally, a key part of their campaign is social media, including paid ads on LinkedIn, Facebook and branded content on Instagram. The social program drives people to a Jive micro-site that offers a free trial of the company’s software. The shares at LinkedIn Corporation, traded down $2.17 (2.0%), they were recently at $106.48.
Groupon, Inc. (NASDAQ:GRPN): Groupon, Inc. (NASDAQ: GRPN) announced today, that it intends to hold a conference call, on Monday, August 13, 2012, at 5:00pm EDT, to discuss their second quarter financial results. Their shares traded down $0.03 (0.41%), they were recently at $7.37.
Pandora Media, Inc. (NYSE:P): Samsung Electronics (SSNLF) confirmed, within the next few weeks, they will be launching, Music Hug, their digital music service in the U.S. However, they declined to disclose the pricing or launch date for the stateside debut. They are expected to compete with Pandora (NYSE:P), Spotify and others, according to The Los Angeles Times. Their shares traded down $0.20 (1.94%), they were recently at $10.51.
Zynga, Inc. (NASDAQ:ZNGA): Sarah Lacy had a fireside chat with Mark Pincus, the CEO and founder of Zynga, who is also a Facebook investor. She asked him about Zynga’s relationship with Facebook, and learned that both companies are great partners. According to Facebook’s February S-1 filing, Zynga accounted for 12% of their revenue. Their shares traded up $0.28 (4.83%), they were recently at $4.83.
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