Wednesday, February 27, 2013

Social media stocks update

social media stock
In Dec. 2011, I wrote about social media stock performance. Since that time, Facebook had its initial public offering. Let's take a look at how Facebook and the original stocks I mentioned have fared:
  • Facebook, Inc. (FB) -- Closed on the first day of trading (May 18, 2012) at $38.23; now trades at $27.13.
  • Zynga, Inc. (ZNGA) -- Closed at $9.50 on its first day of trading (Dec. 16, 2011); now trades at $3.19.
  • LinkedIn Corporation (LNKD) -- Was trading for approximately $65 in Dec. 2011; now goes for $160.44 per share.
  • Groupon, Inc. (GRPN) -- Traded at around $22 in Dec. 2011; now costs $5.72 per share.
  • Pandora Media, Inc. (P) -- Was trading at just under $10 in Dec. 2011; now sells for $12.11 per share.
Clearly LinkedIn has done the best. Pandora Media has shown slight improvement; Facebook, Zynga and Groupon all have had varying levels of decline.
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