Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOG), LinkedIn Corp (NYSE:LNKD)
Facebook does a face-plant (CNN)
Sell in May and go away isn’t working as an investment strategy so far this year … unless you sold Facebook Inc (NASDAQ:FB). Shares of Facebook Inc (NASDAQ:FB) have plunged 12% in May. They hit their low point of the year Tuesday, even as the broader stock market was partying like it was 2006. Facebook’s stock is now down nearly 10% year-to-date. The Nasdaq, by way of comparison, is up 4% this month and 16% this year. …Facebook’s struggles are also in stark contrast to just about every one of its competitors. Google Inc (NASDAQ:GOOG) shares are up more than 25% this year and are near an all-time high. LinkedIn Corp (NYSE:LNKD) has soared more than 50% in 2013.
Can YouTube Eclipse Facebook? (Mediapost)
Google Inc (NASDAQ:GOOG) Buzz is dead. Is Google Plus (or is it +?) next? Who knows. Google Inc (NASDAQ:GOOG)’s social networking nemesis Facebook Inc (NASDAQ:FB) isn’t going anywhere, but with the recent addition of Facebook’s sponsored posts, users are starting to find the obtrusive pokes from advertisers a tad tedious. Sure, those sponsored ads in the news feed are native, but they’re unwelcome. While it’s perfectly understandable for Facebook Inc (NASDAQ:FB) to seek ways to monetize its massive user base, the recent effort is the latest — and possibly last — opening for Google Inc (NASDAQ:GOOG) to encroach on Facebook’s turf.
Google Eyes Waze as Facebook Circles Hot Web Maps Property (Pehub)
Google Inc (NASDAQ:GOOG) is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday. Google’s discussions with Waze, which one of the sources told Reuters remained fluid and could change in tenor at any time, come amid reports Facebook Inc (NASDAQ:FB) is willing to pay $1 billion for the crowd-sourced service, which relies on information provided by its 47 million members to craft its mobile-oriented maps. By buying Waze, the Internet search giant would prevent the company from falling into the hands of Facebook Inc (NASDAQ:FB), which is delving deeper into mobile technology as it tries to grow its user base.
Facebook Inc (NASDAQ:FB) Less Popular Social Network among Teenagers (CrazyJoys)
Facebook Inc (NASDAQ:FB) is losing its teen usage, and these teenagers are generally switching towards other social networks mostly include Tumblr and Twitter. Mainly teenagers are moving towards other social media option because the number of social networks in general continues to rise. And secondly many kids do so because they want to carry out online socializing, and don’t want their parents to practically watch from Facebook accounts of their own. And teens are also able to rebel against parents by skipping out on the social sites their parents are using, according to the study conducted by Pew study points. But on general when we assess the popularity graph of all the social media Facebook Inc (NASDAQ:FB) has still on the top popular among underage users in all social sites.
High Court Seeks Tips From Facebook to Protect Kids (IndiaTimes)
“Worried” that children can be exploited through social networking sites, Delhi High Court today asked Facebook Inc (NASDAQ:FB) and Google Inc (NASDAQ:GOOG) to submit within four weeks suggestions on safety measures for online usage of such sites by minors in India. A bench of justices B D Ahmed and Vibhu Bakhru voiced concern about Indian children entering into agreement with Facebook and other social networking sites and then being lured knowingly and unknowing into illegality by adults. “What we are worried about is children who have been part of the social network and some adults misleading them and taking advantage. We are also concern about the use of their data by the adults for their advantage,” it said.
