Social News: Facebook Inc (FB)’s Successful Tryout, LinkedIn Corp (LNKD) & Yelp Inc (YELP)’s Unexpected Twist

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Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), LinkedIn Corp (NYSE:LNKD), Yelp Inc (NYSE:YELP), Google Inc (NASDAQ:GOOG), Groupon Inc (NASDAQ:GRPN)

Facebook’s CEO aims to get the world online (MyRecordJournal)
Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg wants to get all of the world’s 7 billion people online through a partnership with some of the largest mobile technology companies. He says the Web is an essential part of life, and everyone deserves to be connected, whether they live in Norway, Nicaragua or Namibia. “The Internet not only connects us to our friends, families and communities, but it is also the foundation of the global knowledge economy,” Zuckerberg wrote in a paper posted to his Facebook page late Tuesday. The title asks “Is Connectivity A Human Right?” Of course, connecting more people to the Internet is the kind of philanthropy that would create more potential Facebook users, which would also help boost the company’s bottom line. “There’s nothing wrong with that,” said Fordham University communications professor Paul Levinson, author of “New New Media.”

Facebook Inc (NASDAQ:FB), LinkedIn Corp (NYSE:LNKD)

LinkedIn Corp. CEO Jeff Weiner Sells 37,000 Shares (LNKD) (ZolMax)
LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner unloaded 37,000 shares of LinkedIn Corp. stock on the open market in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $231.13, for a total value of $8,551,810.00. Following the transaction, the chief executive officer now directly owns 181,835 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. LNKD has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp (NYSE:LNKD) in a research note to investors on Friday, August 16th.

Yelp Inc (NYSE:YELP) runs for help post L.A town hall meeting (GDPInsider)
Yelp Inc (NYSE:YELP) had organized a town-hall meeting in Los Angeles for small business owners. In a totally unexpected twist, the business owners literally slammed the review website, complained about its aggressive ad-sales tactic as well as its bogus reviews that ended up having an adverse effect on sales. YELP was hoping at get rid of all the misconceptions and also ease all the concerns that business owners had about the popular site. This is just one of a series of meetings that has been organized by Yelp. These events are to be held across 22 major cities in the United States. This was the first of the meetings and had been held at Hollywood’s Pantages Theatre. Active advertisers, dozens of business-owners and also people who knew something about the site had been invited to the meeting.

Apple Inc undergoes culture shift as Tim Cook leads quiet revolution (FinancialPost)
Shortly after signing on as chief operating officer at Facebook Inc (NASDAQ:FB), Sheryl Sandberg was looking to connect with people in a similar role – No. 2 to a brilliant and passionate young founder. She called Tim Cook. “He basically explained nicely that my job was to do the things that Mark (Zuckerberg) did not want to focus on as much,” Sandberg said of the 2007 meeting that lasted several hours with the chief operating officer of Apple Inc. “That was his job with Steve (Jobs). And he explained that the job would change over time and I should be prepared for that.”

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