Facebook FLIES Over Complaints and 4 Social Media Stocks in Focus

Facebook, Inc. (NASDAQ:FB): The effort by Southwest Airlines to thank its increasing number of Facebook “friends” backfired during the weekend when customers booking a special Facebook fare were charged multiple times for what was supposed to be half-priced tickets. By entering a special code, customers were allowed to take a 50 percent discount for fares on a few dates. However, while the fares were in fact discounted, as low as $29 each way on a few of the carrier’s shortest routes, a large amount of customers were charged multiple times. Customers took to Southwest’s Facebook page with complaints stating that they were charged up to 20 times or more for a single flight.

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LinkedIn Corporation (NYSE:LNKD): “LinkedIn had a strong second quarter with all of our key operating and financial metrics showing solid performance,” stated CEO Jeff Weiner in the report. “Our ongoing investment in product innovation drove healthy engagement as measured by unique visiting members and member page views, and our three revenue streams all experienced significant growth.”

Groupon, Inc. (NASDAQ:GRPN) Malaysia, which is the local arm of the international deal-of-the-day website, predicts that rising regional integration will allow it to offer more regional offers to its subscribers as well as opportunities for regional marketing ventures to its merchants, according to vice-president and general manager of Groupon Southeast Asia and India, Joel Neoh.

Pandora Media, Inc. (NYSE:P): Listener hours for Pandora during July totaled 1.12 billion, which is a 76 percent rise from 637 million during the same period the previous year. Share of total U.S. radio listening for Pandora during July was 6.13 percent, which is a 3.51 percent increase from the same time last year. Active listeners reached 54.9 million by July’s end , which is a rise of 48 percent from 37.1 million during the same time period last year.

Zynga, Inc. (NASDAQ:ZNGA) struggles to keep up with the shift to mobile devices, where the company’s previous business strategies no longer fit, the Wall Street Journal reports.

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