Social Stock Tracker Loses Some Ground

Only LinkedIn and Groupon showed gains last week

   

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.


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