Facebook Inc (NASDAQ:FB) had its public offering on May 18 after months of anticipation. The debut was not up to the mark but the stock managed to close with a fractional gain from its offering price of $38, scoring the largest Internet IPO in market history.
FactSet Research data showed that the market capitalizations of some big social media shares including FB, Groupon Inc (NASDAQ:GRPN), Linkedin Corporation (NYSE:LNKD), Yelp Inc (NYSE:YELP) and Zynga Inc (NASDAQ:ZNGA) totaled approximately $106 billion.
http://www.pt-news.org/facebook-inc-nasdaqfb-partly-responsible-for-social-media-companies-decline-including-groupon-inc-nasdaqgrpn-and-linkedin-corporation-nyselnkd/123242/
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