Facebook’s IPO at $16 billion gives Mark Zuckerberg access to more than $15 billion which suggests they may step up the pace and size of acquisitions. Here’s 3 sympathy plays I’ll be watching today that could certainly catch a bid in speculation of a buyout. As a trader I’m looking for a price between $1 and $7, market cap between $50 million and $2 billion, Beta above 1, preferably 2 and a good technical setup.
Quepasa Corp. (AMEX:QPSA) is a social media technology company, owns and operates social network discovery platforms. Its Latin-American platform, Quepasa and North-American platform, myYearbook enable users to meet new people through social games and apps, monetized through advertising and virtual currency.
Friendfinder Networks Inc. (NASDAQ:FFN) is an Internet and technology company, provides services in the social networking and Web-based video sharing markets. It is involved in creating and operating technology platforms, which run various heavily visited Websites in the world comprising AdultFriendFinder.com, Amigos.com, AsiaFriendFinder.com, Cams.com, FriendFinder.com, BigChurch.com, and SeniorFriendFinder.com.
Renren Inc. (NYSE:RENN) operates a social networking Internet platform in China. The companys platform enables its users to connect and communicate with each other, share information and user-generated content, play online games, listen to music, and shop for deals.