Groupon Lost 14.8% Yesterday, Social Media Stocks Destroyed In November (GRPN, LNKD, P, OPEN, Z)

Groupon (GRPN) closed at $20.07 yesterday, down 14.89% and near its IPO price of $20. When GRPN started trading on 11/4/2011, it initially popped to about $30 and then lost about a third of its value. Since 11/4, Groupon (GRPN) is down 23%, Pandora (P) is down 22.14%, LinkedIn (LNKD) is down 16.61%. Google only lost 2.71%, OpenTable lost 18.74% and Zillow got destroyed, down 29.39%. The S&P lost 5.2%, QQQ lost 5.67% and PNQI, the PowerShares Nasdaq Internet Portfolio, lost 8.38%. So, these recent IPOs/social internet companies (less Google, because of Google+?) did worse than the market and internet index on the second wave down. I found out there's a Global Social Media ETF (SOCL) run by GlobelXFunds. According to Morningstar, "SOCL holds 26 social networking, file sharing, and web-based media companies from all around the globe." I would have added Angie's List to the chart but I couldn't due to a limit.





Courtesy StockCharts.com

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