Salesforce.com Inc. (NYSE: CRM), provider of enterprise cloud computing and social enterprise solutions, has reached an agreement to acquire Buddy Media for $689 million. The acquisition of Buddy Media further expands CRM’s presence in social media marketing.
Category: Social Media Stocks
Groupon Shares Tumble (GRPN, FB)
Shares of daily deals site Groupon Inc. (NASDAQ: GRPN) tumbled in trading today as restriction on insider selling expired.
How Will Salesforce.com’s Purchase of Buddy Media affect Facebook?
Salesforce.com is all set to buy Buddy Media for a rumored $800 Million. Salesforce supposedly beat Google in the bidding. This deal follows Oracle’s recent purchase of Vitrue for $300 Million dollars. These two deals are great for all the companies operating in this space (Involver, Wildfire, AppAddictive) Companies that offer a suite of applications for Facebook publishing, Facebook page management, and Facebook ad campaign management stand to benefit the most. Among the independent enterprise Facebook platforms, only AppAddictive has all the components – Pages, Publishing and Facebook Ads API access.
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Hot Stock; Freeze Tag Inc. (FRZT)
Shares of Freeze Tag Inc. (OTC: FRZT), a company engaged in the development and marketing of games across various digital distribution platforms, are among the major gainers on the OTC market today.
Zynga Shares Come Under Pressure (ZNGA, FB)
Shares of Zynga Inc. (NASDAQ: ZNGA) fell to all-time lows this week. Zynga shares have come under pressure recently due to the social-game maker’s close association with Facebook Inc. (NASDAQ: FB) and the prospect of new shares coming into market.
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Facebook IPO.; What Went Wrong? (FB)
One of the most-awaited IPOs in the last few years has turned out to be a huge disappointment. Facebook Inc. (NASDAQ: FB), the social networking giant, began trading on Friday. However, the IPO has turned into a debacle.
Micro-Cap on Watch; Rarus Technologies Inc. (RARS)
Rarus Technologies Inc. (PINK: RARS), an emerging technology company, last Friday, provided details about a plan to ensure the protection of its Zngle Mobile App Distribution and Monetization Strategy.
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Micro-Cap in Focus; FriendFinder Networks Inc. (FFN)
FriendFinder Networks Inc. (NASDAQ: FFN) shares are seeing huge activity in trading today. At last check, FFN shares were trading 7.60% lower at $1.58 on above average volume of 11.58 million. Despite the losses in trading today, FFN shares have risen 21.88% in the last three trading sessions.
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Facebook Prices IPO at $38 a Share (FB)
Social networking giant Facebook completed its much-awaited IPO after-market close on Thursday. The IPO has been priced at $38 a share, which is the high-end of the expected range of $34-$38 per share.
SINA Corp. Surges on Q1 Results (SINA)
SINA Corporation (NASDAQ: SINA), an online media company and MVAS provider in the People’s Republic of China, released its quarterly results on Wednesday. The company’s shares surged on Wednesday as investors digested better-than-expected quarterly results.