Facebook Posts New Low, Other Social Media Stocks Falter (FB, ZNGA, GRPN, YELP, LNKD, CRM, MSFT, GOOG)

Date: Aug 16 2012

Filed under: Technology

Today’s end to the lockup period on shares of Facebook Inc. (NASDAQ: FB) has predictably weighed on the stock’s share price. Shares are down more than 6% and have posted a new post-IPO low of $19.69.

Other social media stocks are also getting smacked again, with Groupon Inc. (NASDAQ: GRPN) down more than 5% and a new low of $4.97, Zynga Inc. (NASDAQ: ZNGA) down more than 2% , and Yelp Inc. (NYSE: YELP) off 1.5%. Only LinkedIn Corp. (NYSE: LNKD) has managed to maintain a positive move, up 0.5%.

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Facebook Posts New Low, Other Social Media Stocks Falter (FB, ZNGA, GRPN, YELP, LNKD, CRM, MSFT, GOOG) originally appeared on DailyFinance.com on 2012-08-16T11:25:00Z.

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