Social Media Stock Tracker: Uneven Performances in 2012
In a quiet holiday week heading towards 2013, there was little meaningful news and accordingly, the social media sector was down a percent. WEBM, the parent company of SocialTimes, led the week with a 3% gain, but the performance of most stocks was somewhat driven by year-end trading on tax considerations. For 2012, the five pure play social stocks with the most visibility (FB, GOOG, LNKD, YELP, and ZNGA) showed uneven performance for the year, with a combined average gain of 1%, despite significant volatility and variance (see below for more details).
WEEKLY STOCK PERFORMANCE
In a quiet holiday week heading towards 2013, there was little meaningful news and accordingly, the social media sector was down a percent. WEBM, the parent company of SocialTimes, led the week with a 3% gain, but the performance of most stocks was somewhat driven by year-end trading on tax considerations. For 2012, the five pure play social stocks with the most visibility (FB, GOOG, LNKD, YELP, and ZNGA) showed uneven performance for the year, with a combined average gain of 1%, despite significant volatility and variance (see below for more details).
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