Category: Social Media Stocks

Facebook CEO Face Investors’ Ire at First Annual General Meeting (FB)

Social networking giant, Facebook Inc. (NASDAQ: FB) held its first annual general meeting on Tuesday; and as expected its CEO Mark Zuckerberg had to face investors’ wrath. Most Facebook shareholders are not happy with the Stock’s disappointing performance thus far.

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Salesforce.com to Acquire ExactTarget in Deal Valued at $2.5 Billion (CRM, ET)

Salesforce.com Inc. (NYSE: CRM) announced on Tuesday that it has agreed to purchase marketing software maker ExactTarget Inc. (NYSE: ET) in a cash deal valued at $2.5 billion. Continue reading Salesforce.com to Acquire ExactTarget in Deal Valued at $2.5 Billion (CRM, ET)

Zynga Expects Wider Q2 Loss, To Slash 520 More Jobs (ZNGA)

Social game maker, Zynga Inc. (NASDAQ: ZNGA) announced on Monday that it will slash another 520 jobs or about 18% of its total workforce  as the embattled company looks to cut costs and bring a strategic shift by focusing more on mobile games.

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Zynga Move towards ‘Midcore’ Combative Games (ZNGA)

Social game maker, Zynga Inc. (NASDAQ: ZNGA), which is reeling under pressure due to shrinking active users’ base and flagging revenue amid rising competition, is focusing on ‘midcore’ combative games, in order to increase its mobile  time share.

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Facebook’s Mobile User Engagement is Increasing Says comScore (FB)

Last month, Pew Research Center’s study showed that the teenagers’ interest on Facebook Inc. (NASDAQ: FB) was fading. The research report said that teen Facebook users were sick of Friends posting “insane” details on their Walls, all the “drama” and unease over maintaining their image on the social networking platform. Continue reading Facebook’s Mobile User Engagement is Increasing Says comScore (FB)

NASDAQ Fined $10 Million for Facebook IPO Mishandling (FB, NDAQ)

In what would be a largest ever fine levied on the U.S. Stock Exchange, NASDAQ’s parent company, NASDAQ OMX Group Inc. (NASDAQ: NDAQ) has been asked to pay $10 million by the Securities and Exchange Commission (SEC) for a botched IPO of social networking giant Facebook (NASDAQ: FB).

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Teenagers Like Twitter More Than Facebook (FB)

For the young generation, Facebook (NASDAQ: FB) isn’t cool thing anymore. Indeed! According to a recent study conducted by the Pew Research Center, teens are showing “waning enthusiasm” for the social networking site, reported All Things Digital, a technology blog on Tuesday.

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Jana Partners Discloses Stake in Groupon and Zynga (GRPN, ZNGA)

Jana Partners, one of the leading activist hedge funds, managed by Barry Rosenstein, revealed on Wednesday that it holds stake in Groupon Inc. (NASDAQ: GRPN) and Zynga Inc. (NASDAQ: ZNGA).

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