Zynga Losing Another Exec and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Google (NASDAQ:GOOG) could pass Facebook in the sell of online “display” ads in the U.S. during the year, according to a recent estimate by research firm eMarketer, according to the Wall Street Journal.
LinkedIn Corporation (NYSE:LNKD): Recent data from LinkedIn indicates that U.S. small-business owners use the social networking site more than their foreign counterparts. The data on small-business professionals was extracted from the sites over 175 million members, and the company discovered that there are 6,874,850 small-business professionals networking on LinkedIn. The top five countries for the sites use among small-business professionals were the U.K. with 1,059,303 users, India with 1,012,058 users, the Netherlands with 597,010 user,s and Canada with 579,253 users.
Groupon, Inc. (NASDAQ:GRPN): Groupon Payments, which is the daily-deals provider’s answer to Square, will go nationwide.Yesterday on its blog, the company announced that its merchants across the U.S. will have the ability to sign up for Groupon Payments. The they will have the ability to accept major credit cards by placing the Groupon card swipe accessory into an iPhone or iPod Touch and installing the associated iOS app. Groupon states that payments processed via its service are deposited directly into merchant accounts within a day. Groupon Payments users could also find cheaper rates than they would with Square. Square takes a flat 2.75 percent fee on all transactions, while Groupon charges 1.8 percent for Visa, MasterCard, and Discover. American Express charges 3 percent.
Pandora Media, Inc. (NYSE:P): Since Apple (NASDAQ:AAPL) has its sights set on Internet radio, online music firm Pandora Media (NYSE:P) will probably be on the takeover list of companies from Google (NASDAQ:GOOG) and Amazon.com (NASDAQ:AMZN) to Clear Channel Communications, according to Bloomberg. The company is expected to increase its revenue by 214 percent during the next two years, which is triple the median for U.S. Internet media companies with a value over $1 billion, according to Bloomberg data.
Zynga, Inc. (NASDAQ:ZNGA) is losing another C-level executive. Wednesday afternoon, chief security officer Nils Puhlmann resigned from the social game maker, according to The TechCrunch blog, citing unnamed sources. No comments have been made by Zynga.
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