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Archive for social media stocks falling

Is social media failing? Don’t get fooled again

By Joe Rassenfoss
Friday, August 17th, 2012

Did you read the news today? Oh boy.

Now that Facebook insiders can sell their stock, the value  (as of Aug. 17) of the social media giant stands at half of its offering price of $38. There’s plenty more blood in the water when it comes to social media stocks:

  • Game-maker Zynga has lost 70% of its IPO price value to stand at $3.
  • Angie’s List, which provides consumer reviews of local services and businesses, fell 16 percent on Aug. 14 to dip below its $13 IPO pricing (the stock was Read More→
Categories : In the News
Tags : Angie's List, Facebook, Groupon, LinkedIn, Pinterest, social media IPOs, social media stocks falling, Tumblr, Zynga

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