Today in Connected Consumer

Hard times for tech stocks continue on Wall Street. Facebook shares reached new record lows in midday trading as the post-IPO lockup period came to an end today, allowing insiders to sell. Short sellers are now circling the stock, which could presage further downside pressure. Groupon shares, meanwhile, slipped below $5 for a time as their downward march continues unabated. Shares of Angie’s List also plunged this morning as the 90-day lockup period following a secondary offering expired. Zynga’s shares dropped below $3 this morning as the company turns its attention to lobbying for approval of online gambling in the U.S. Tech stocks themselves are looking like the biggest gamble at the moment, however.

Relevant Analyst
Sweeting

Paul Sweeting

Principal Concurrent Media Strategies

Do you want to speak with Paul Sweeting about this topic?

Learn More
You must be logged in to post a comment.
No Comments Subscribers to comment
Explore Related Topics

Latest Research

Latest Webinars

Want to conduct your own Webinar?
Learn More

Learn about our services or Contact us: Email / 800-906-8098