NEW YORK, NY--(Marketwire - Nov 12, 2012) - Companies that provide social and/or professional networking services, such as LinkedIn Corporation and Renren Inc., have been performing well over the last little while. A number of dynamics are working in their favor, and could continue to do so through the end of 2012 and into 2013. StBulls.com has initiated technical analysis on LinkedIn Corporation (
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The popularity of social & professional networking continues to rise, and with the proliferation of smartphones and tablets, this trend could remain for the foreseeable future. An increasing number of internet users in emerging markets such as China also bode well, and companies with international operations could outperform their peers moving forward. Third quarter revenues for select companies reflected the jump in demand, with some posting double digit increases in year-over-year comparisons. Our technical analysis on Renren Inc. is accessible at
An influx of sales is certainly a positive. However, high levels of competition, increased expenses and ever evolving consumer preferences have kept companies on their toes. Some have been able to grow profits in the third quarter, while others have struggled to meet figures seen a year ago. Read our technical analysis on LinkedIn Corporation by clicking on
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