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Story of the Week: Social media stocks slump
Facebook
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’s second full week of trading ended just as dismally as the first, and it wasn’t the only one that was ailing. Tech stocks across the board, from Zynga to
Groupon
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, were down. While this was partly a result of a broader market decline, doubts about social media’s money-making potential have taken hold on Wall Street. Read more
Summary
Facebook’s second full week of trading ended just as dismally as the first, and it wasn’t the only one that was ailing. Tech stocks across the board, from Zynga to Groupon, were down. While this was partly a result of a broader market decline, doubts about social media’s money-making potential have taken hold on Wall Street.
TheMediaBriefing Social