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Two Social Media Stocks Not to Buy
Facebook (Nasdaq: FB) is one of many social media stocks that didn't begin well. After its initial public offering (IPO), FB stock failed to garner any real momentum for the first several months, and even dipped below $20 per share in late 2012. However, FB stock has since surged. It's up almost 60% since its IPO, and more than 10% this year alone. Investors have nabbed a 140% return over the last nine months.
Facebook (Nasdaq: FB) is one of many social media stocks that didn't begin well. After its initial public offering (IPO), FB stock failed to garner any real momentum for the first several months, and even dipped below $20 per share in late 2012. However, FB stock has since surged. It's up almost 60% since its IPO, and more than 10% this year alone. Investors have nabbed a 140% return over the last nine months.