Sunday, June 23, 2013

It’s Still Hard to Like Facebook Stock

Social media is hardly a fad, and there clearly is money to be made in
the space. LinkedIn (LNKD) stock is up almost 60% year-to-date and
review site Angie's List (ANGI) has doubled. Even one-time disasters
Groupon (GRPN) and Zynga (ZNGA) have gotten some swagger back in 2013.

Yet Facebook has been left out. Beyond the declines in the past
several weeks, FB stock has lost 25% in the past 12 months and 35%
since its May 2012 IPO.