When Facebook filed for its IPO in the first week of February, the Social Stock Tracker surged over 9%, giving the index a market value of $38.5 billion.
Things have calmed down since then. Last week, the index mustered a gain of only 0.36%.
There still was plenty of volatility. For example, Groupon (NASDAQ:GRPN) shares were off by nearly 14%. The company released its first earnings report since coming public, and it registered an unexpected loss of $42.7 million.
On a brighter note, LinkedIn (NYSE:LNKD) continued to dazzle investors with its hefty growth ramp. According to its latest quarterly report, LNKD posted a 105% increase in its revenues to $167.7 million, and the company’s non-GAAP earnings were 12 cents per share. The key growth driver was the company�s Hiring Solutions business, which provides recruiting services to corporate customers.
Expect more action this week, especially for Zynga (NASDAQ:ZNGA), which reports quarterly earnings Tuesday afternoon.
Tom Taulli runs the InvestorPlace blog�IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of��The Complete M&A Handbook”,��All About Short Selling��and��All About Commodities.��Follow him on Twitter at�@ttaulli�or reach him via�email. As of this writing, he did not own a position in any of the aforementioned securities.
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