Facebook (FB) is trading lower, and it took a lot of stocks
lower with it early this morning. Most internet related names
faced selling pressure it what was a positive tape.
Zynga (ZNGA) was one name that was beaten up pretty well this
morning dipping to $6.36 before gaining back about 10% to reach $7.
The game maker has seen its stock decline by about 15% since
the day prior to the largest tech IPO of the year.
GSV Capital (GSVC) is also feeling the pain, as its stock is
down about 9%, but that is up from a 13% loss earlier. GSVC
is down 30% over the last five days. GSV Capital traded
significantly higher over the last several months as it was a
public investment company holding shares of Facebook.
The lack of the IPO pop caused GSV Capital to crater, do you
think that stock will continue to drop as majority of the reason
investors were buying the stock has evaporated?
Despite the recent run up, are the social media stocks in for a
long summer? Which one do you tihnk will face the most
FACEBOOK INC-A (FB): Free Stock Analysis Report
ZYNGA INC (ZNGA): Free Stock Analysis Report
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