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Social Media Stock Tracker: Negative Pressure from Pandora

Image by rzymuR via Shutterstock

The social media sector was down an average of 4% this week as it was negatively impacted by Pandora’s Q3 report (as detailed below) and Q4 concerns for AAPL. There was downward pressure on FB shares despite its potential addition to the NASDAQ 100 index next week, which should promote further institutional purchases through rebalancing. GRPN shares surged on Friday on renewed takeover speculation even though there were no fundamental developments.

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Zynga and the Terrible, Horrible, No Good, Very Bad Day

zynga, social gaming, social networks,

As Apple commanded the tech world’s attention earlier today, Zynga broke some bad news to its employees: Hundreds of them were being laid off, and The Ville was being sent out to pasture, as sister blog Inside Social Games reported. The company later confirmed the layoffs, releasing a letter that CEO Mark Pincus had sent out to staff.

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Microsoft and Agawi Invite Developers to Bring Mid-Core and MMO Games to Windows 8

Agawi

Microsoft is hoping to have plenty of games ready for download when the software company launches the new Windows 8 on October 26th. Developers can get in now through the Agawi Game Partner “AGP Gold” Program for developers. Selected games will be featured on the Agawi Windows 8 app on the day of the launch. Specifically, they’re looking for social mid-core games and browser-based massively multi-player online games, so you can scrap your plans for “WindowVille” or “Angry Windows.”

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