Zynga Creative Leader DEPARTS and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): McAfee’s latest Facebook app, called McAfee Social Protection, lets users create protected Facebook albums that are viewable only to the users they choose to share with. The app is now officially in beta, which means you can check it out right now using your Facebook account. Their shares traded down $0.14 (0.72%), they were recently at $19.2001.
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LinkedIn Corporation (NYSE:LNKD): Although the networking site operates in 200 countries, until today, companies could only buy LinkedIn Ads in English. Catering to their growing user base, LinkedIn has begun offering ads in 17 different languages, including Japanese, Czech, Indonesian, Malay, and Russian. Their shares traded up $0.92 (0.85%), they were recently at $108.43.
Groupon, Inc. (NASDAQ:GRPN): According to The Next Web, Groupon, Inc.’s competitor Amazon (NASDAQ:AMZN) has rolled out a daily deal service called, Amazon Local, to the United Kingdom, beginning in London. Their shares traded down $0.01 (0.23%), they were recently at $4.36.
Zynga, Inc. (NASDAQ:ZNGA): Zynga Inc.’s (NASDAQ:ZNGA) Chief Creative Officer, Mike Verdu, is departing, adding to the list of top managers who have exited the social game maker amid a stock price decline and sales growth (NASDAQ:ZNGA) slowdown. He plans to start a new company. Their shares traded down $0.12 (3.73%), they were recently at $2.96.
Yelp, Inc. (NYSE:YELP): After the expiration of an initial public offering lock up, shares of Yelp, Inc. (NYSE:YELP), which had been lower early in trading, are now surging higher. The Wall Street Journal’s Market Beat said the rally may be attributable to short covering. They cited FactSet data that indicated a huge short position has built up in their name. The shares traded up $4.07 (23.29%) recently at $22.33.
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