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Social Stocks to Watch – FB, ZNGA, YELP, GRPN, LNKD

Facebook Inc (NASDAQ:FB) announced that Jason Taylor, Director, Infrastructure Foundation, will participate in the Pacific Crest Global Technology Leadership Forum on August 12, 2013. A live webcast and replay of the session will be available on Facebook’s investor relations website at:

Facebook Inc (NASDAQ:FB) shares rose 0.83% to $38.87 in current session with current trading volume of 68.85 million shares.

On July 25, 2013, Zynga, Inc. (Zynga) reported Q2 2013 financial results. The Company’s reported revenue of $231 million, reflecting a decline of 30.6% YoY. Net loss was $15.8 million and adjusted EBITDA was $8.3 million, compared to a net loss of $22.8 million and adjusted EBITDA of $65.3 million in Q2 2012. According to Zynga CEO Don Mattrick, “The next few years will be a time of phenomenal growth in our space and Zynga has incredible assets to take advantage of the market opportunity.” The Company expects revenues of $175 million to $200 million in Q3 2013. Net loss is anticipated in the range of $43 million to $14 million and EPS is expected to be in the range of $0.05 to $0.02.

Zynga Inc (NASDAQ:ZNGA) shares fell -2.40% to $2.85 in current session with current trading volume of 21.28 million shares.

The market felt good about Yelp Inc (NYSE:YELP), mainly due to a narrower loss in the second quarter 2013. It managed to grow its revenue from $32.7 million to $55 million, while the loss has been shaved from $2 million to only $878,000. The number of unique users grew 38%, from 78 million in the second quarter last year to 108 million. With a total market cap of $3.32 billion, each Yelp unique user is valued the lowest among the three, at $30.70.

Yelp focuses its business on different niches, connecting people with local businesses. Yelp is helpful for users to find the most suitable local spots, including restaurants, salons, or plumbers, around you as you travel. It has the review system for users to share their opinions and experiences about local businesses.

Yelp Inc (NYSE:YELP) shares advanced 0.17% to $52.08 in current session with current trading volume of 5.54 million shares.

Groupon Inc. shares surged as much as 19% in after-hours trading Wednesday after the daily deals and e-commerce Company reported better-than-expected second-quarter sales and tapped Eric Lefkofsky as chief executive more than five months after firing serial entrepreneur Lefkofsky’s co-founder, Andrew Mason, from that post.

Groupon GRPN +0.23%  said it lost $7.6 million, or a penny share, in the quarter ended June 30, on revenue of $608.7 million, mpared with earnings of 4 cents a share on $568.3 million in sales in the same period a year earlier.

Groupon Inc (NASDAQ:GRPN) shares increased 0.23% to $8.72 in current session with current trading volume of 28.88 million shares.

Apart from FB, LinkedIn Corp (NYSE:LNKD), the world’s largest professional network company, also reported better-than-expected earnings, beating the Zacks Consensus Estimate. Shares jumped by double digits after the earnings announcement and reached a new high of $237.96 on Aug 2. LNKD shares have more than quadrupled from the IPO price of $45.

LinkedIn Corp (NYSE:LNKD) shares rose 0.50% to $232.92 in current session with current trading volume of 1.73 million shares.


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Mystic Maggie

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