Shares of TWTR stock have fallen 46% since late December. Facebook is down 16% from its early-March peak. LinkedIn has made a string of lower lows since September, hitting a multi-year low last week to bring the total tumble to 42%. And Yelp is still down 39% from its early-March high, despite a recent uptick.
With losses that large and that widespread, it would be naive to chalk them up to “just a little volatility.” This is something systemic, and something the market feels very strongly about — completely reversing the bullishness surrounding all of these names not too long ago.
What gives? And more importantly, can the selling be reversed before TWTR, YELP, LNKD, and FB stock are beaten down to the point of no return?
Here’s a look at why social media stocks are falling.