Zynga Kills Off Games and 4 Social Media Stocks See Action
Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg was among several company executives that revealed share sales late Friday, now since lock-up expirations are expiring. Sandberg sold 352,904 Facebook shares at prices from $20.79 to $21.10. Sandberg continues to own more than 18 million Facebook shares, the regulatory filing reports.
LinkedIn Corporation (NYSE:LNKD) beat Wall Street’s expectations in its Q3 results, which solidifies its status as an investor favorite when other Internet companies have failed. The professional networking company showed a profit during Q3, which reverses a loss during the same period the previous year as revenue increased more quickly than analysts expected.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Groupon, Inc. (NASDAQ:GRPN) is scheduled to file its Q3 earnings on Nov. 8, causing some to speculate that Groupon’s recent slump could be a result of Hurricane Sandy.
Zynga, Inc. (NASDAQ:ZNGA) has cut FishVille andTreasure Isle along with others as a part of its plan to downsize, and both games have been given a month to live. Players were offered a bonus package if they move onto another Zynga game, specificallyCastleville, Chefville, Farmville 2, Mafia Wars, or Yoville. It is unclear if other games will be affected, but it can be inferred that the games players were advised to move to are safe for the time.