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Thursday, February 2, 2012

Social Networking Stocks Snapshot Following Wednesday's Filing of Facebook IPO; FFN, LNKD, RENN, SINA Trade Up

New York, New York - February 2, 2012 -, a global investor research portal, specializing in sector research including tech stocks issues an investor alert for social networking stocks for February 2nd, following the S1 IPO filing of Facebook Inc, ( yesterday. The Company is raising $5 Billion in its IPO and intends to start trading in May.
The filing shows revenue of over $3.7 Billion for 2011, up significantly from 2010 revenue of $1.97 Billion.
According to the S1 filing, Facebook had 845 million Monthly Active Users MAUs as of December 31, 2011, an increase of 39% as compared to 608 million MAUs as of December 31, 2010.
Facebook had 483 million daily active users (DAUs) on average in December 2011, an increase of 48% as compared to 327 million DAUs in December 2010. It also had more than 425 million MAUs who used Facebook mobile products in December 2011. There were more than 100 billion friend connections on Facebook as of December 31, 2011. Also noted; users generated an average of 2.7 billion Likes and Comments per day during the three months ended December 31, 2011.
Stocks in the sector are trading up on higher than usual volume on the Facebook boost.
Social Networking stocks Snapshot Trading Snapshot:
FriendFinder Networks Inc. (NasdaqGM: FFN) is trading up at $1.25 0.11(9.65%) with a high of $1.30
Linkedin Corporation (NYSE:LNKD) is trading at $76.41, up 4.04(5.58%) 12:11PM EST with a high of $77.83
Renren Inc. (NYSE: RENN) is trading higher at #5.59, up 0.58(11.58%) 12:16PM EST on volume of over 15 Million shares. The high of the day so far is $5.74.
SINA Corporation (NASDAQ:SINA) is trading up at $75.71 up 1.82(2.46%) with a high of $77.80
The Global X Social Media Index ETF (NasdaqGM: SOCL) that tracks the sector is trading up at 14.99, up 0.40(2.74%) 12:20PM EST.
Read the entire S1IPO filing for Facebook:
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