Facebook, Inc. (NASDAQ:FB): a developer of a popular mobile video-sharing app, Autodesk (ADSK +0.8%), is set to acquire Socialcam, a mobile app, for a price of $60M. Socialcam has seen over 16M downloads, and competes with YouTube (NASDAQ:GOOG), Facebook and Viddy. Their traffic has been down lately.
LinkedIn Corporation (NYSE:LNKD): After seeing slow market activity in the last few weeks, LinkedIn formally introduced their home page redesign. The redesign will offer users a more professional look and will make it easier to navigate their homepage by allowing them access to the most relevant content. Shares of LNKD traded down yesterday $0.22 (0.21%), they were recently at $102.99.
Groupon, Inc. (NASDAQ:GRPN): GRPN is the second-largest daily deal company. LivingSocial has launched their first product sales business and this move will create a new competitor for Groupon Inc.’s goods business in market. The shares of GPRN traded down $0.17 (2.21%) yesterday, they were recently at $7.50.
Zynga, Inc. (NASDAQ:ZNGA): Zynga generates a significant portion of its revenue from Facebook gamers and the stock fell on Tuesday, dropping 6.83% to $4.50. Shares of Zynga traded down $0.17 (3.52%), they were recently at $4.66.
Yelp, Inc. (NYSE:YELP): Yelp Inc is a direct competitor of Taste Savant. The highly curated restaurant discovery site has announced the launch of their New York City Public Beta site: http://www.tastesavant.com. The Taste Savant can help the savvy diner decide where to eat out and the site is unique because it curates and combines restaurant reviews from sources that diners trust such as restaurant critics, friends, bloggers, etc. Shares of Yelp traded up $1.64 (7.65%), they were recently at $23.07.
