Last week, the Social Stock Tracker lost 1.1%, giving the index a total market value of $34.6 billion. Only two stocks were up: LinkedIn (NYSE:LNKD) and Groupon (NASDAQ:GRPN). The worst performer was Angie’s List (NASDAQ:ANGI), which was off by over 9%.
During the past week, Zynga (NASDAQ:ZNGA) released its first earnings report as a public company. Revenues soared 59% to $311.2 million and earnings came to 5 cents per share — the numbers were strong, though only in line with Wall Street expectations.
The Social Stock Tracker also could add a new member in a couple weeks when Yelp — a consumer review website — goes public. The company plans to sell 7.2 million shares at a range of $12 to $14.
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “The Complete M&A Handbook”, “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli or reach him via email. As of this writing, he did not own a position in any of the aforementioned securities.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
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