Zynga Employees DISAPPOINTED in Share Performance and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB) agreed to deliver “clear and prominent notice” to users anytime their information is shared. However, before that can happen, Facebook has to obtain its users’ “express consent” before any information that exists outside the auspices of its privacy settings can be shared. Also, the agency intends to force Facebook to maintain a “comprehensive privacy program,” and subject its service to biennial privacy audits. The shares traded up $0.55 (2.62%) recently at $21.56.
LinkedIn Corporation (NYSE:LNKD): With a focus on business users over general consumers, it is not a surprise that LinkedIn has not seen the same kind of hype surrounding it that follows social sites such as Facebook and Twitter. However, as an article at Yahoo News reports, the company’s earnings are increasing. Analyst Rick Summer describes it as “another fantastic quarter” and states that the company “continues to execute quite well with surprising visibility into demand.” On August 2, LinkedIn stock increased nearly 6 percent to close at $93.51 on the New York Stock Exchange, which is much better than its social media competitors. The shares traded down $0.96 (0.91%) recently at $104.27.
Groupon, Inc.’s (NASDAQ:GRPN) goods-selling business seems to be a hit, gaining an estimated quarterly revenue totalling at least $50 million, which is lower than a year after it launched. The shares traded up $0.25 (3.76%) recently at $6.90.
Zynga, Inc. (NASDAQ:ZNGA) share price is at about $3, which is down from a 52-week high of about $16, some employees vent their feelings regarding the company, according to The Next Web. The site asked, How do Zynga employees feel about the company’s summer 2012 stock price drop? One anonymous former employee claims that their entire experience began with false promises, and ended with devastating results: “We were told point blank in one studio-wide meeting that we would IPO around $20 a share, and could expect $100 a share within a year if we launched one or two more successful titles.” The shares traded down $0.08 (2.66%) recently at $2.93.
Yelp, Inc. (NYSE:YELP): New Yahoo! CEO Marissa Mayer will probably use proceeds from the company’s Chinese assets sale for acquisitions, according to AllthingsD. Advertising tech companies were said to be high on Mayer’s list at first, and insiders claim that she has been evaluating Criteo, the website adds. Mayer may also be mulling the acquisition of Foursquare, Zynga (NASDAQ:ZNGA), Flipboard, Yelp (NYSE:YELP), Path, Pinterest, Bump, Pulse, and Foodspotting, sources told AllthingsD. The shares traded down $0.33 (1.28%) recently at $25.40.
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